Musk Admits Tweets May Have Financially Harmed Twitter, Faces Defamation Lawsuit Over False Accusations

• Elon Musk admitted in a deposition that his social media posts “may have done more to financially impair” Twitter than help it.

• Musk was responding to a defamation lawsuit filed by a man Musk falsely accused of taking part in a neo-Nazi “false flag” demonstration.

• Musk said he does not guide his posts based on financial impact, but rather what he believes is “interesting or important.”

• The man is seeking over $1 million in damages from Musk for amplification of the false accusation, which led the man and his family to flee their home over threats.

• Musk bought Twitter in late 2022 for $44 billion but the platform has since seen an exodus of advertisers and a major drop in valuation.