Elon Musk is currently making hilarious jokes about Twitter’s Interface. On the web version of the social network on Monday, the famous old bird Twitter logo suddenly shifted to the “doge” of the cryptocurrency Dogecoin. However, the Twitter mobile apps remained unaltered. The Shiba Inu-based Doge picture is an element of the Dogecoin blockchain’s and cryptocurrency’s logo. It was formed in 2013 as a joke to mock other cryptos such as Bitcoin.
Elon Musk, who paid $44 billion to acquire Twitter, is an acknowledged mega fan of the Dogecoin meme. He pushed Dogecoin on Twitter while presenting “Saturday Night Live” last year. Monday’s modification to online Twitter logo increased the value of Dogecoin rose more than 20%.
Musk’s Promise
The second-richest man in the world, Elon Musk, tweeted on Monday, “As promised,” accompanied by a snapshot (new twitter logo) of a conversation he had with a person using the handle @WSBChairman on Twitter March 2022. Musk tweeted in March that he finds it difficult to uphold the right-to-speak rules. It seriously harms democracy before beginning his wildly successful quest to acquire Twitter. Considering that Twitter functions as the unofficial public town square. What to do? Just buy Twitter and replace Twitter old logo with a doge, was the reply from @WSBChairman. Musk said that would be sick.
What’s came next is not a joke. Musk was the subject of a lawsuit filed in the Southern District of New York US District Court in June 2022. It accused him of taking part in a conspiracy by endorsing Dogecoin. On Friday, March 31, Musk’s legal counsel submitted a move to reject the complaint. Considering when Twitter switched to the Doge as Twitter logo, Musk might be mocking the plaintiffs.
Allegations on Musk
Let’s discuss the background of this matter of shifting twitter bird logo to doge. The plaintiffs filed a lawsuit against Musk. It claimed a staggering $258 billion in damages, mentioning his hosting on “SNL,” when he played a fictitious financial adviser who referred to Dogecoin as a hustle, among some other things. According to Musk’s attorneys’ brief, the petitioners did not show how Musk’s comments in favor of Dogecoin misled anybody or detailed the issues Musk seemed to have kept from shareholders.
According to the filing, there is nothing illegal about tweeting words of encouragement or amusing images about a genuine cryptocurrency with a market cap of nearly $10 billion. Plaintiffs have already had numerous chances to present their allegations effectively. Yet, they have not been able to present their allegations. Yet they were not able to present a theory that could be put into practice. This court should dismiss the case and put a conclusion to the petitioners’ dream.
