Elon Musk has now picked up the Octagon UFC arena in Las Vegas where he plans a cage fight with Meta CEO Mark Zuckerberg.
Chairman and CEO of Meta Platforms Inc (NASDAQ: META) Mark Zuckerberg is now ready for a cage fight with Tesla (NASDAQ: TSLA) CEO Elon Musk. On Wednesday, Zuckerberg posted a screenshot of Musk requesting a cage fight and captioned it, “Send me the site.”
The banter among billionaires started when the founder and CEO of International Blockchain Consulting, Mario Novell chirp Meta is working on a Twitter competitor called Thread. According to Nofal, Meta began working on Topics just three months after Musk’s acquisition of Twitter. Nofal also said Meta’s chief product officer called threads “our answer to Twitter.” He added that Meta “has been hearing from creators and public figures who are interested in getting the platform running properly”.
In response to Nawful, a user of Musk told Musk to be careful as Zuckerberg is now doing Brazilian Jiu-Jitsu. Then musk answered To this user saying, “I’m ready for a cage match if it’s lol”. In May, it was Zuckerberg to publish He competed in his first jiu-jitsu tournament and won a few medals.
After Zuckerberg requested a site, Musk chirp The “Vegas Octagon”, a reference to the UFC Apex arena in Las Vegas, is called the Octagon.
The rivalry between both social media and tech CEOs is less likely to lead to a physical altercation. However, while Zuckerberg is an aspiring MMA fighter who is known to have at least one jiu-jitsu belt, Musk is physically larger and has previously Referred to Real “street fights” he was involved in while growing up in Pretoria, the administrative capital of South Africa. Musk admitted that he “got really beaten up” in some of these fights.
The Zuckerberg-Musk battle distracts from other problems both executives face
It’s unclear whether or not there was any actual conflict or intellectual fight between Musk and Zuckerberg. However, both men lead very busy lives controlling activities in some of the largest companies in the world. Unfortunately, both situations come with a great deal of problems that never seem to end.
For example, Musk is still fighting a $258 billion lawsuit over Dogecoin (DOGE) accusing him of price gouging. The lawsuit accused Musk of pumping out DOGE with numerous tweets and, at one point, replacing the official blue bird on Twitter with the DOGE Shiba Inu logo. In addition, the complaint alleges that DOGE has increased by 30% in response. Interestingly, a lead attorney on Musk’s legal team has filed a motion to withdraw from the case.
Meta, on the other hand, laid off employees and announced another round of layoffs in May, affecting about 6,000 people. Between November and May, Meta has cut more than 20,000 jobs. Zuckerberg also announced that Meta will be closing an additional 5,000 jobs that have yet to be announced.
Also in May, the EU hit Meta Platforms with a record $1.3 billion fine for violating data protection laws in the region. Regulators in the European Union found Meta guilty of illegally transmitting user data to the United States. In addition to the fine, the Irish Data Protection Commission (DPC) has ordered Meta to permanently suspend all other data transfers.
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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify cryptocurrency stories down to the bare essentials so that anyone anywhere can understand without much background knowledge. When he’s not deep into cryptocurrency stories, Tolo enjoys music, loves to sing, and is a movie lover.