Elon Musk said that X, his social media platform, is exploring the idea of eliminating the display of like and repost counts on posts.
Speaking at the Morgan Stanley (NYSE:MS) technology, media, and telecom conference on Wednesday, the billionaire also said that X is close to securing a money transmitter license in New York, anticipating approval in the coming few months.
Musk’s comments come a day after X, formerly known as Twitter, won a $250 million copyright lawsuit.
On Tuesday, a U.S. District Judge in Nashville, Tennessee, Aleta Trauger, largely dismissed a lawsuit against X, brought by 17 music publishers, who had alleged copyright infringement for almost 1,700 songs, accusing the platform of allowing users to share music without authorization.
Judge Trauger stated that the publishers could not pursue a theory of "comprehensive general liability for infringement" against X, which Musk acquired for $44 billion in October 2022.