Elon Musk says his posts contributed more to ‘economically weakening’ X than helping it

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By journalsofus.com

In a statement made public on Monday, March 27, Elon Musk acknowledged that his posts on the platform formerly known as Twitter may have harmed the company financially in the long run. Huffington Post, The billionaire also admitted that he had a “limited understanding” of the case for which he was being deposed.

Ben Brody, 22, sued Musk for defamation last year, alleging Musk had pushed a conspiracy theory that linked Brody to a fight between two far-right groups in Oregon. I was wrongly identified. Musk’s lawyers filed several requests to keep the transcript of his nearly two-hour testimony confidential, but the judge rejected them.

At one point, Musk was asked by Broidy’s attorney, Mark Bankston, about his purchase of Twitter and what effect it had on his use of the site. Musk responded that he believed his posts “remained virtually unchanged before and after the acquisition.” But he acknowledged that maintaining that attitude was likely to do more harm than good.

“- And going back to the self-inflicted wounds, the Kevlar boots, I think that – I probably did – I may have done more to weaken the company financially than to help it, but Certainly I – I do guide my posts not by what is financially profitable, but by what I find interesting or important or entertaining to the public,” the X owner said .

On several occasions, Musk has expressed confusion over why Broidy is pursuing a lawsuit against him and what the basic details are about the case. At one point he accused Bankston – Brody’s lawyer – of pocketing the cash by suing him. “What I’d like to think about is really you getting a lot of money,” Musk said.

The focus of the lawsuit is a series of tweets Musk made last summer that promoted a far-right conspiracy theory that falsely linked Broidy to the Oregon dispute between the Proud Boys and a local neo-Nazi group. Brody, who lives in California, was somewhat similar in appearance to a man who took part in the fight. Online trolls immediately seized on the theory that the controversy was a “false flag” and that Brody was a covert government agent. Musk interviewed users who were pushing this conspiracy theory on X, and agreed with their findings that the controversy was likely a staged incident. On June 27, Musk responded to a post that contained a video of the fight and suggested that Brody was part of a “false flag” operation. The truth is that online trolls incorrectly identified Brody as a person in the video.

“It looks like one is a college student (who wants to join the government) and the other is probably a member of Antifa, but still a potentially false scenario,” Musk tweeted.

That tweet was directly referenced by Brody’s attorney. Musk argued that his post did not have as much reach due to there being only one reply.

“Replies get 100 times less attention than the primary tweet. So this was definitely not an attempt to generate advertising revenue. In fact, advertisers generally will not want to advertise with content that is controversial,” Musk said.

Given the size of Musk’s account and his public prominence, Broidy’s attorney estimates that his reply, which is still available on the site, was viewed by more than one million people.

“Do you understand that the number of people who have seen this, who have seen this tweet, is equal to the capacity of all 30 major baseball stadiums?” asked Bankston.

But Musk claimed that Twitter has five to eight trillion views per year, and so one million views on the platform is not significant.

“No big deal?” Bankston said.

Musk responded, “Hit or miss, yes.”

“It’s no big deal that this word reached so many people?”

“Right. And what’s more – it’s a thing where advertisers, when it’s controversial, won’t advertise, which means we don’t get revenue from it,” Musk responded.

Musk also admitted that he owned an account called @ermnmusk in which he impersonated his young son. motherboard And several other outlets exposed the mysterious account last year.

Musk also clarified that he does not believe that Brody, who was forced to evacuate his home at one point, suffered “meaningful harm” due to the false allegations he helped spread.

“People are attacked all the time in the media, online media, social media, but it’s rare that it actually has a meaningful negative impact on their lives,” Musk said.

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