Well notice that log(a) outputs real numbers only if a>0.
With that in mind, when x<0, in your first equation the inputs to the logs are negative so that function is not defined if you are graphing real numbers. The second equation is defined for x<0 because x2 yields a positive value.
If you look at the two graphs they are identical when x>0. When x<0, the first graph is undefined while the second graph is just an even extension of when x>0.Just as a note, when you are dealing with the function y=log(x)+log(2x), the domain that yields a real result is x>0. If you simplify the expression to y=log(2x2) then you have to remember that your domain is still x>0. In that sense the two functions are identical.