Elon Musk first replaces Twitter blue bird logo with Doge meme then hits ‘undo’! What’s going on?
There is no official announcement by the company regarding its logo change. Many thought it was an April Fool prank. However, it might have a connection with the $258 billion lawsuit filed by Dogecoin investors against Musk. It seems he is trying to divert attention from the lawsuit.
Elon Musk has put Twitter's original blue bird logo back after putting the Dogecoin logo (Shiba Inu logo) for a few days. But why did he do it? No one knows about it. The logo was changed only in the web version and not in its app.
There is no official announcement by the company regarding its logo change. Many thought it was an April Fool prank. However, it might have a connection with the $258 billion lawsuit filed by Dogecoin investors against Musk. It seems he is trying to divert attention from the lawsuit.
Every time Musk does something related to Shiba Inu's image, the biggest beneficiary is the Dogecoin cryptocurrency, whose monogram is the image of a Shiba Inu. A bird is considered a manifestation of a chatterbox, while a dog is the epitome of loyalty.
When did investors file a lawsuit against Musk?
Plaintiff Keith Johnson accused Elon Musk, his electric car firm Tesla, and his spaceship engineering company SpaceX of racketeering for promoting Dogecoin and raising its price before allowing the price to fall in a $258 billion case submitted in federal court in Manhattan (USA) in June 2022.
Last Friday, 31 March, Musk requested a U.S. judge to dismiss $258 billion racketeering case against him that claimed he had operated a pyramid scheme to promote the cryptocurrency Dogecoin.
In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin.
The case against Musk was expanded last year in September, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
L&T Finance, Mankind Pharma and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months for huge profit| Check targets, stop losses
SIP+SWP: Rs 15,000 monthly SIP investment for 20 years and Rs 100,000 monthly income for 45 years; know how it is possible
Depositing large amounts of cash into your bank account may attract income tax department scrutiny; know under which conditions
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3.5 lakh, Rs 7 lakh, Rs 10.50 lakh, and Rs 14 lakh in 1-, 3-, and 5-year FDs
15x15x15 Formula: In how many years Rs 15,000 monthly SIP can grow to over Rs 1 crore; see calculations
12:04 PM IST