Ha... well, all considered... I suppose it could've been *worse*... LOL
Of course also they're using "plausible deniability" by coloring the name/word as "Yo-Bit" i.e. emphasis on the "bit" and to presume "yo" is just like English greeting "hey" or something like that.
But I'd wager the name is still intentional Yob-It anyway. Hilarious.