During his presentation at the Morgan Stanley technology, media, and telecom conference, tech billionaire Elon Musk said that his social media venture, X, formerly Twitter, is contemplating eliminating the display of likes and repost counts on posts on the platform. Additionally, Musk mentioned that X is nearing approval for a money transmitter license in New York, with expectations of obtaining it within the next few months, the media has reported.
Renowned X user, DogeDesigner, shared the news that X is contemplating the removal of like and repost counts from the feed, clarifying that these metrics will still be visible upon tapping into a post. X boss Musk replied to the post by writing: “definitely happening”.
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It should be noted that since Musk's acquisition of the platform in 2022, he has been striving to transform it into an expansive "everything app," similar to Tencent's dominant WeChat in China.
An X user commented that such a move would be "excessively stupid" and would significantly decrease engagement without achieving any positive outcomes on the platform. Meanwhile, another user on X proposed the addition of a "dislike button" to address the issue.
Meanwhile, the X boss has also revealed that his social media platform X is on the verge of securing approval for a money transmitter licence in New York, a development that brings the platform closer to rolling out payment functionalities. Speaking at the same Morgan Stanley technology, media, and telecom conference, the tech billionaire hinted that X could also expect to receive its licence in California within the coming month, although obtaining approval in New York might take a few months longer.
Meanwhile, four former high-ranking executives of X have initiated legal action against Musk, alleging unpaid severance totalling over $128 million. The lawsuit, filed on Monday in federal court in San Francisco, adds to a string of legal battles the billionaire has faced since he acquired the social media platform for $44 billion in October 2022.
Musk has also recently filed a lawsuit against OpenAI and its CEO, Sam Altman, alleging a breach of contract. Musk claims that OpenAI prioritised profit and commercial interests in the development of artificial intelligence (AI), diverging from their commitment to serving the public good, the media has reported.