Musk has expressed his support for the Dogecoin cryptocurrency. This money is accepted as payment for goods at Tesla, Musk's other company.
Twitter users were astonished a few days ago to discover the classic blue bird emblem on the home screen replaced with the Dogecoin logo. It was Elon Musk's way of mocking a racketeering case accusing him of purposely raising the value of Dogecoin.
However, the blue Twitter bird logo returned to the screen for the majority of users on Friday. According to Bloomberg, Dogecoin's value decreased by 9% after Twitter reverted to its previous bird design.
Twitter users have seen a Shiba Inu cartoon, a visual embodiment of the Doge meme, on the upper left of the home screen since Monday. Musk has expressed his support for the Dogecoin cryptocurrency. This money is accepted as payment for goods at Tesla, Musk's other company.
Dogecoin sank to as low as 8.4 cents, compared to the peak of 10.5 cents it hit on Monday when Twitter announced the logo modification.
Dogecoin soared to ten cents on Monday when Musk changed the logo from a blue bird to a Shiba Inu. It contributed to the meme coin's market value increasing by up as $4 billion.
Musk has made numerous significant improvements to the social media site since taking leadership in October. The billionaire has created news for every minute change he made at Twitter, from firing more than half of the workers to setting an unreasonable' timetable.
Twitter has discontinued its legacy verified programme and deleted historical verified checkmarks from user accounts. Only paying subscribers and members of approved organisations can now hold the respective status.