The owner of social media platform in it.
Musk’s number of followers exceeds 159 million
Now, Musk has crossed the threshold of 159 million followers on this app. Musk is the richest man in the world with a net worth of $259 billion as of early September this year. The founder and former CEO of e-commerce giant Amazon, Jeff Bezos, is second only to Musk with $161 billion in net worth.
Also, as mentioned above, Elon Musk not only owns App X, but also companies like The Boring Company, Neuralink, as well as SpaceX and Tesla, so many people are interested in following Musk on X.
On top of that, he is a strong supporter of Dogecoin and used to change the price of this original meme coin with his tweets (as X posts were called in the past). So a large part of his followers are DOGE fans. For comparison, the number of people following the official DOGE account on X amounts to 3.8 million. DOGE co-founder Billy Markus, known as Shibetoshi Nakamoto on the X app, has 2.1 million followers.
SEC sues Musk over Twitter and Musk’s improvements to the platform
Elon Musk is currently engaged in fighting the SEC regulator who sued him for not testifying about the purchase of Twitter in September. Additionally, the regulatory agency is trying to find out if there was any securities fraud at Twitter when Elon Musk started buying shares in the company last year.
After acquiring Twitter and closing the deal in October last year, Musk integrated several crucial updates, removing Twitter as a microblogging platform and rebranding it as “X.” Now, users can post long reads, share live videos, and even stream games. The other day, Musk streamed playing Diablo 3 on his X account.
Additionally, Musk introduced the Subscriptions feature, which allows content creators to receive monthly fees from their subscribers. All funds go to content authors without X taking their cut until the individual payment amount exceeds $100,000.
