As an experienced financial analyst, I find Elon Musk’s recent announcement about the private likes on X intriguing. The increase in likes he mentioned seems unusual and raises questions about the authenticity of engagement metrics on social media platforms. However, Musk’s reputation as a serial entrepreneur and innovator makes him an influential figure in tech and finance circles.
Elon Musk, a prominent entrepreneur with a tech background and head of social media behemoth X, recently shared significant news in a public post. According to Musk’s update, the visibility of likes under posts has been adjusted, making them private and invisible to users except for the account owners.
Musk boasts new massive X milestone
As a researcher studying social media trends, I’ve noticed an intriguing observation from a centebillionaire’s recent post. After switching his likes to private, he reported a substantial surge in engagement.
As a researcher studying social media trends related to cryptocurrencies, I’ve noticed multiple accounts expressing favorable remarks under that post. One of these accounts belongs to Billy Markus, who is co-founder of Dogecoin and goes by the handle “Shibetoshi Nakamoto” on Twitter. He contributed to the conversation by sharing a screenshot from a video game with the caption “Everyone liked that.”
As of now, Elon Musk’s post continues to elicit reactions from viewers, amassing a total of 265,000 likes.
— Shibetoshi Nakamoto (@BillyM2k) June 13, 2024
Billy Markus says Musk must get $56 billion from Tesla
As a researcher, I’ve come across an intriguing development reported by U.Today. In this story, Markus and some notable finance figures, including Cathie Wood of Ark Invest, have endorsed Elon Musk amidst ongoing debates regarding his 2018 Tesla compensation package. This agreement stipulates that Tesla should distribute a $56 billion compensation to Musk if the company manages to reach a market value of $650 billion within ten years following 2018. It is essential to note that this payout represents less than 10% of the targeted market capitalization for Tesla.
At present, Tesla’s market capitalization stands at an impressive $571.6 billion, not far from the stated goal. However, a number of significant investors and a Delaware judge have contested Tesla’s plan to make a substantial payment to Elon Musk unless shareholders approve. In response, Tesla has requested its stockholders to vote anew on this matter, with the aim of upholding the leadership of their current CEO, Elon Musk.
The voting has not taken place and the matter remains unresolved. Hints from the DOGE co-founder suggest that the unexpected change of heart regarding payment to Musk, who has worked without compensation at Tesla for years, could negatively impact their business reputation down the line.
Several people on X hold the opinion that the proposed payment of $56 billion to Musk, being the richest individual globally, is an excessive amount.
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2024-06-13 11:28