📺 Stream EntrepreneurTV for Free 📺

Elon Musk Changes Twitter's Logo to a Meme Amid Dogecoin Lawsuit Twitter's iconic blue bird logo was replaced early Monday.

By Emily Rella

entrepreneur daily

Many eagle-eyed Twitter fans noticed on Monday that the social media platform's standard blue bird icon had been swapped out for the ever-popular Doge meme.

The illustration of the Shiba Inu dog, which has become the unofficial symbol for the Musk-backed cryptocurrency Dogecoin, seemed to appear randomly, though Musk Tweeted an explanation by referencing an exchange he had with a user before he purchased Twitter last year.

A look at the Twitter home screen for users as of Tuesday afternoon.

Related: Tesla Subpoenaed By the SEC (Again) Over Elon Musk's Tweets

The user @WSBChairman joked with Musk that he should just "buy Twitter" and "change the bird logo to a doge" after Musk asked his followers at the time if a "new platform was needed."

Musk, who's been accused of market manipulation for Tweeting about various stocks and meme coins, seemed to have moved the needle once again for Dogecoin, which skyrocketed an estimated 20% yesterday after the logo change.

As of Tuesday afternoon, Doge still appeared in place of the bird logo on the social media platform. Dogecoin was up just under 33% in a seven-day period at the same time.

Related: Dogecoin Cocreator Calls Elon Musk a 'Grifter' Who Had Trouble Running Basic Code

The decision to change the logo might not have been completely random, as CNBC reported over the weekend that Musk and his team filed to dismiss a lawsuit that accuses the billionaire of running a "pyramid scheme" to pump up and deplete the Dogecoin valuation via his Tweets.

"There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion," Musk's lawyers stated, per the outlet. "This court should put a stop to plaintiffs' fantasy and dismiss the complaint."

Musk was part of another Twitter-related class action lawsuit last summer, when he was accused by shareholders of being responsible for tanking the Tesla stock after Tweeting that he had "funding secured" to take the company private.

A jury found Musk not liable for the losses earlier this year, for which Musk said he was "deeply appreciative."

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

Her 'Crude Prototype' and $50 Craigslist Purchase Launched a Side Hustle That Hit $1 Million in Sales — Now the Business Generates Up to $20 Million a Year

Elle Rowley experienced a "surge of creative inspiration" after she had her first baby in 2009 — and it wasn't long before she landed on a great idea.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Leadership

There Are 4 Types of Managers. Take This Quiz to Find Out Which You Are, and If You're In the Right Line of Work.

Knowing your leadership style, and whether it suits the work you're doing and the team you have, is the first step in living up to your leadership potential.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.