Dogecoin Founder Praises Elon Musk’s Massive Latest X Milestone

Elon Musk, a serial and technical entrepreneur in charge of the X Media empire, has posted something important to him regarding what he said during the week. Dogecoin told everyone that likes on their posts are currently private and only visible to them alone.

Musk triumphs over the new X milestone

The multibillionaire tweeted that there had been a “great rise in likes” after putting the likes into privacy. Many crypto-themed accounts left positive comments on this post. 

Co-founder of Dogecoin Billy Markus (also known as Shibetoshi Nakamoto on Twitter/X) responded as well; he shared a picture that is quoted from a computer game and reads, “Everyone liked that.”

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Musk must get $56 billion from Tesla, according to Billy Markus.

Markus is among several top financial figures such as Cathie Wood, a notable investor who serves as CEO for Ark Invest, who have openly supported Musk on his current concerns concerning the Tesla compensation package agreed upon by the company’s shareholders for their tech tycoon back in 2018. 

Once he achieves his goals here, Musk should receive $56 billion worth of compensation from the firm.

However, every like or dislike reaction to posts by Elon Musk is still visible on social media and it already has 265,000 likes.

Billy Markus says Mark must have $56 billion from Tesla.

Markus, alongside other prominent personalities in the financial world such as Cathie Wood, an investment mentor and CEO of Ark Invest, publicly sided with Musk concerning his concerns about a 2018 Tesla compensation plan put in place by its investors. 

The company would be obliged to pay out a total of $56 billion to Musk if he manages to raise Tesla’s market value over 650 billion dollars within ten years starting in 2018 (Bondarenko para. 2). This package amounts to less than one-tenth of Tesla’s expected market capitalization. 

Dogecoin Currently, the valuation is just about $571.6 billion which marks proximity to the stated goal. However, many major shareholders plus a Delaware judge invalidated any official decision made by Tesla that was binding until shareholders revoted. 

Now, the corporation has again requested that its stockholders vote over this matter and support their present leader Elon Musk.

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This voting has not taken place yet and no solution has been found so far. The Dogecoin co-founder implied in a tweet that their flip-flopping on the agreed payment after all these years without a salary for Tesla could hurt their business reputation in the future. 

Despite this, some people feel that the amount of money, 56 billion dollars, is too high to give away to Musk, a man who is already the richest in the world.