Read about Elon Musk’s recent playful moves with Twitter, including the temporary logo change and the removal of the ‘w’ from the company’s name on its HQ. Discover the impact on cryptocurrency markets and the mixed reactions online.
The Twitter brand has been making headlines recently with some unexpected and playful moves. From a temporary logo change to an informal renaming at its San Francisco headquarters, Twitter has been capturing attention on social media. The most notable event was when the iconic Twitter bird was replaced by the Doge meme, favored by Elon Musk, causing the cryptocurrency token to gain as much as $4 billion in market value. However, another quirky change took place at Twitter’s HQ, where Musk had the letter ‘w’ removed from the company’s name, resulting in it being spelled as ‘Titter’.
This move by Musk has sparked mixed reactions online, with some finding it humorous and others deeming it childish. William LeGate, CEO of a US bedding company called Pillow Fight, sarcastically commented on Musk’s maturity in making such a change. It’s worth noting that Musk had previously run a poll in April 2022, asking people whether they should delete the ‘w’ in Twitter, which received significant participation before being deleted.
The recent events with Twitter and Musk are not entirely surprising, as the billionaire entrepreneur has a history of making unconventional and attention-grabbing moves on social media. In fact, Musk’s tweets have often influenced the value and perception of cryptocurrencies, including Dogecoin, which he has referred to as “the people’s crypto”. In October, Musk’s tweets about a potential Twitter takeover had caused Dogecoin to double in value, earning him the nickname “the dogefather” among retail traders.
Despite the playful changes and volatility in the cryptocurrency market, the Twitter bird eventually returned as the company’s logo, causing Dogecoin to experience a 9% drop in value. However, the attention and buzz generated by these events have once again highlighted the power of social media and the influence of high-profile individuals like Musk on the financial markets.
In conclusion, Elon Musk’s recent antics with Twitter, from the temporary logo change to the removal of the ‘w’ from the company’s name at its headquarters, have created a stir online. While some view it as playful and humorous, others criticize it as childish. Nevertheless, it’s clear that Musk’s influence on social media and the cryptocurrency market continues to capture attention and generate buzz. As the digital landscape evolves, we can expect more unexpected moves from high-profile individuals that may impact markets and capture our attention in the future.
