Dogecoin Founder Praises Elon Musk’s Latest Big X Milestone

Dogecoin Founder Praises Elon Musk's Latest Big X Milestone

Elon Musk, serial technical entrepreneur and owner of social media giant X, published a major post about the announcements made earlier this week. He spread the word that all post likes have become private and invisible to anyone except account owners.

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Elon Musk, serial technical entrepreneur and owner of social media giant X, published a major post about the announcements made earlier this week. He spread the word that all post likes have become private and invisible to anyone except account owners.

Musk boasts of a huge new milestone

The centibillionaire tweeted that after likes were made private, there was a “massive increase in likes.”

Several cryptocurrency-themed accounts posted positive comments on that post. Dogecoin co-founder Billy Markus (known as Shibetoshi Nakamoto on Twitter/X) also shared his reaction in the comments; He posted a screenshot of a video game saying “Everyone liked that.”

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Meanwhile, all the reactions to Elon Musk’s post are still visible and it has accumulated 265,000 likes so far.

Billy Markus says Musk should receive $56 billion from Tesla

As Guru-Investingpreviously reported, Markus, along with several major figures in the world of finance, including well-known investor and Ark Invest CEO Cathie Wood, publicly supported Musk in his current concerns related to Tesla’s compensation package. agreed for the technology magnate. in 2018 by the company’s shareholders. The company would have to pay $56 billion in compensation to Musk if he manages to bring Tesla’s market value above the $650 billion level within ten years (starting in 2018). The pay package constitutes less than 10% of Tesla’s target market capitalization.

Currently, Tesla has a valuation of $571.6 billion, which is quite close to the set goal. However, many large shareholders and also a Delaware judge overturned Tesla’s decision to make that payment to Musk real unless shareholders voted otherwise. Tesla has now urged its shareholders to vote once again and resolve this issue in favor of its current CEO, Elon Musk.

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This vote has not yet taken place and the issue remains unresolved to this day. The DOGE co-founder hinted in his tweet that the sudden U-turn on his agreed decision to pay Musk, who has been working without salary all these years for Tesla, is likely to damage his business reputation in the future.

Many at X, however, believe that $56 billion is too large a sum to pay Musk, who is already the richest person on the planet.

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