Musk Concedes His Activity May Harm $44B Site He Invested In
- Elon Musk's significant influence on Twitter
- Musk's acquisition of Twitter for $44 billion
- Controversial actions and eccentric behaviors of Musk
- Defamation lawsuit against Musk for false identification
- Musk's two-hour-long deposition for the lawsuit
Elon Musk's Impact on Social Media
Elon Musk, the forever-online businessman and divorcee, recently opened up about the significant influence his posts on X (previously known as Twitter) have been having on the platform's business side. This statement was made in a deposition for a defamation lawsuit that was filed in October 2023.
Musk's Acquisition of Twitter
Musk acquired the social media site for a whopping $44 billion in October 2022. The full details of the deposition have recently been made public and published by HuffPost.
Elon Musk's Controversial Actions
Musk, known for his eccentric behaviors such as wearing a Dead Space t-shirt to live stream the Mexican border, bringing a gun to a Cyberpunk 2077 recording session, and getting booed at a Valorant tournament last year, didn't disappoint with his deposition.
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The Defamation Lawsuit
The lawsuit took place last fall, after Musk falsely identified a man named Ben Brody as a protestor at a neo-Nazi rally on X/Twitter. HuffPost reports that Musk used his massive reach (he has nearly 180M followers on the site) to amplify a false far-right conspiracy theory.
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Musk's Deposition
According to HuffPost, Musk was present at a two-hour-long deposition on March 27. Shortly after this, his lawyer, Alex Spiro, allegedly fell silent.
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