TL;DR
- Elon Musk announces that likes on X (formerly Twitter) are now private, only visible to account owners.
- Billy Markus, co-founder of Dogecoin, praised this innovation with an enthusiastic response on social media.
- Markus also supports Musk’s $56 billion compensation package from Tesla, pending resolution among shareholders.
Elon Musk, the technology entrepreneur and owner of X, the social media platform formerly known as Twitter, has implemented a new feature that has generated great interest and controversy.
In a recent announcement, Musk revealed that post likes will now be private, visible only to account owners.
— Shibetoshi Nakamoto (@BillyM2k) June 13, 2024
According to Musk, this measure has resulted in a “massive increase in likes”, a statement that has sparked various reactions in the online community.
Among those who have shown their support for this decision is Billy Markus, co-founder of Dogecoin, known on social networks as Shibetoshi Nakamoto.
Markus, a prominent figure in the cryptocurrency community, expressed his approval in a witty way, sharing a screenshot of a video game that read “Everyone liked this.”
This response reflects not only support for the new X functionality, but also Musk’s continued influence in the technology and financial community.
In addition to his support of Musk‘s innovations at X, Markus has publicly defended the $56 billion compensation package Tesla agreed to give Musk in 2018.
This package is conditional on Tesla reaching a market valuation of $650 billion by 2028.
With Tesla closing in on this goal—its current valuation sits at $571.6 billion—the issue of compensation has reemerged as a hot topic among shareholders.
Debate over Elon Musk compensation
Markus, along with other prominent financiers such as Cathie Wood, CEO of Ark Invest, has expressed support for Musk receiving full compensation.
They argue that reversing this decision could harm Tesla’s business reputation.
Markus suggested that failing to comply with the agreement could have long-term negative repercussions, damaging investor and public confidence in the company.
On the other hand, some large shareholders and a Delaware judge have questioned the legitimacy of the payment, arguing that $56 billion is an excessively large sum for someone who is already the richest person in the world.
This controversy has led Tesla to urge its shareholders to vote again on the issue to resolve it definitively.
The situation remains uncertain, and many in the financial community are closely watching how this dilemma will play out.
The final decision could have significant implications not only for Tesla and Musk, but also for the way compensation for top executives at large corporations is structured.
