Twitter’s Replacement of Bird Logo with Doge Causes Surge in Dogecoin
In a surprising move, Twitter’s iconic bird logo was replaced with the internet-famous Doge on Monday, sending Dogecoin’s value up by 8%. This change followed Elon Musk taking control of Twitter in a $44 billion deal in October 2022. Twitter users have reacted with mixed feelings, with some finding it entertaining and others questioning whether the platform has been hacked. There are also suggestions that the logo switch is a distraction tactic from the ongoing Twitter Blue controversy, a subscription service that allows users to buy verified status. However, virtually all prominent media companies, celebrities, and politicians have refused to pay the monthly fee for verification, causing problems for Twitter.
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