The thing is the added complexity that the plaintiff is adding is just going to extend out the entire process. The filing indicates something like a 60% loss of ad revenue. Even if the case runs smooth as butter, there's no way Musk can get access to the money he's seeking in time to cover the massive loss plus the huge debt obligations he's sacked the company with already.
There's zero ways restitution from this case would ever give the company enough head above water quick enough to prevent drowning in debt.
Elon Musk said Monday that X, formerly known as Twitter, has “no choice” but to file a defamation lawsuit against the Anti-Defamation League amid an ongoing slump in advertising revenue.
“Based on what we’ve heard from advertisers, ADL seems to be responsible for most of our revenue loss,” Musk wrote on Monday. “Giving them maximum benefit of the doubt, I don’t see any scenario where they’re responsible for less than 10% of the value destruction, so ~$4 billion.”
How to avoid being antisemitic, step one: Don't blame your incompetence and piss poor judgement on "the Jews."
I'm no accountant, but I have to imagine when he's talking about "value" it's not exact loss of sales, but something more like "projected sales for the next 10 years" or something.
There's no way Twitter, a company that was overvalued at $43 billion, was also making $40billion a year in advertising sales.
For context, this all started Thursday when the ADL xeeted that is had a "frank and productive" conversation with X's CEO. She replied with some warm and fuzzy PR bullshit about working together to improve the platform blah blah blah. But the right wing nutjobs weren't happy with the implication that X was in anyway cooperating with the ADL and there was immediate backlash. "Ban the ADL" became a trending hashtag, because, according to the racist majority on X, the ADL is the actual hate group and they pressure advertisers who in turn pressure platforms to "ban free speech." Musk, always quick to undermine the sad sack holding the title "CEO" jumped on that bandwagon and been xeeting about it all weekend, threatening to ban them, generally talking trash, and now threatening to sue.
they pressure advertisers who in turn pressure platforms to “ban free speech.”
This argument of theirs is so strange. Don't advertisers too have free speech? Is the right wing arguing that advertisers shouldn't be allowed to choose to stop advertising with Twitter? What "pressure" can ADL put on them? Does the ADL have legal authority to force advertisers to exit Twitter? No. Is the ADL holding private information about the CEOs of advertisers and extorting the advertisers to leave? Not likely.
Is the ADL communicating a position that the majority of the advertiser's customers find the racist, fascist, and misogynistic content now omnipresent on Twitter distasteful, and therefore harmful to the advertisers' brands and with negative impacts to future sales? Likely yes, but those statements are themselves free speech on the part of the ADL.
What the right wing seems to be arguing is that the definition of free speech should be the right to say whatever racist, fascist, and misogynistic comments they like without anyone making choices of their own to dissociate with the right wing. That's not free speech that's....fascism!
Perhaps ironically it is the ADLs free speech that allows them to show advertisers what is posted on elons website. Further irony can be found in the fact that a screenshot of elsons website showing bigoted posts is an example of fact and not of feelings. Moreover: crying about your lost ad revenue is feelings and blaming the ADL for it is not facts.
I remember around 2020, a lot of freethinkers began spouting something about how Twitter is "a platform not a publisher" and therefore users are entitled to treat the website like a public meeting place and protected by first amendment rights, etc.
It was basically a Soverign Citizen argument about how Section 230 means websites don't have the authority to moderate content at all, and it died down after Trump stopped preaching it after he launched Truth
It’s never ok to hurt somebody’s business just because you disagree with them giving free speech to everybody. The ADL should pay Elon for the damage they did to his business
I almost feel bad for the new "CEO". It really seems like she's doing her best to give the impression that Twitter is still a sane company with reasonable business practices, only for Elon to completely disregard her messaging and do the exact opposite.
I would feel bad if it wasn't obvious that Musk would do this. It is impossible for him to control himself. He can't help to put his dumbass opinion in the mix, no matter how much it hurts him personally and professionally. It's the reason he was forced to buy Twitter in the first place.
It's a shitty position to be in so I almost feel bad as well, except literally everyone knew this was going to happen when she joined. But I doubt she thought, "What's the worst that could happen? I have a bland conversation with the ADL, and Musk spends the weekend retweeting self deacribed antisemites and threatening to ban/sue the ADL?"
She is scheduled to be at the Code Conference hosted by the Verge/Vox at the end of September. I'm really interested in how she answers when asked about being undermined, especially now that the undermining has taken the form of her boss just being an outright antisemite.
One of the oldest most experienced groups at litigation against hate and defamation will have a field day with this. I would not be surprised to see X owing the ADL damages if Musk actually follows through.
This is as nearsighted as DeSantis starting legal battle with Disney.
"You made me do it"! yells the abuser. This utter fucknut psychopathic narcissist can't possibly consider that the lost ad revenue has anything to do with his turning twitter into 4chan.
Lol wat? 4chan is heaps better than twitter. There's no cults of personality for example (well, there's Chris Chan and Moot, but both were objects of fun ridicule). Attentin whoring ala twitter will net you a lot of shit too.
There’s no cults of personality for example (well, there’s Chris Chan and Moot, but both were objects of fun ridicule).
This just perfectly encapsulates how little you know about 4chan, likely from some outdated youtube opinion piece about how its edgier and cooler than le normie websites
Like, literally use any board for 5 minutes and tell me how many times Chris-chan or moot is being discussed, let alone anything approaching a cult of personality.
4chan is the single easiest social media to manipulate. You don't have to have legitimate looking user accounts. You don't have to post from different places. You don't even really have to make sense.
You can just spam your narrative as much as you want.
That’s because he’s not and never was a businessman. He’s a tech guy who got super lucky and became filthy rich. Musk builds and designs shit, he doesn’t know squat about running a company. He should stick to playing with his rockets and making new roadsters. This whole CEO foray has turned out real bad.
He’s a tech guy who got super lucky and became filthy rich.
Not even that...
He was (at best) an average coder decades ago who used family money to buy lots of startups and a few made a lot of money.
He was a gambler, not a businessman. It's just when you start out wealthy you can keep buying lottery tickets till you win. It doesn't even mean he was good at picking lottery numbers, he could just afford to buy more tickets than other people.
He's not even a tech guy. He inherited his money, and then lucked into a couple jobs with actual tech guys that he could take the credit for. His entire career has been built around buying other tech companies that were just taking off, pushing the original founders out, and then taking credit for everything everyone else did.
I'm actually surprised he's not crossed that bridge. I do find it interesting to have a billionaire that doesn't even bother to pay lip service to being a civil human being but is just a massive racist tool.
But you know what if he met these people irl he'd get along fine with them I bet and there wouldn't be these unhinged outbursts. He's a complete paper tiger suffering a case of being terminally online because he thinks it's his job (it isn't).
Maybe he's taking something either prescribed or recreationally that has him perpetually on a knife edge like this.
Not even keeping, explicitly adding them back and unbanning them, and letting them make decisions to ban leftists who spoke out against it (andy ngo recommending people to the chopping block comes to mind)
It occurs to me that I've never heard of an absolutist that wasn't a hypocrite in some way. They can excuse white supremacy and Nazis, but they draw the line at either being personally attacked or held accountable.
Feel free to ignore news you aren't interested in. The sad reality is that Elon Musk is relevant and his actions have real effects on people. Bury your head in the sand if you like but don't expect me to join you.
How does he even do it? It’s like he’s on a zealous crusade to embarrass himself. I keep thinking “he can’t look any more foolish and shitty” and he fuckin KEEPS proving me wrong. It’s almost impressive at this point. He stays setting new PR for negative PR.
Terrible article. They provide no concrete examples, only empty platitudes. And it's clear they're extremely biased:
"The national ADL, like the ACLU, the NAACP, and other formerly "apolitical" civil rights groups, is now merely a tax-exempt cadre of the national Democratic Party. Anyone paying any kind of attention knows this. And as the Democratic Party has moved further into the fringes of Left-wing lunacy, the ADL has moved with it—whether a Jewish "antidefamation" issue is at stake or not. The party requires it."
He calls every group defending civil rights "actually anti free speech" and suggests the ADL doesn't do enough for Orthodox Jews, without again any evidence, because of "assimilated Jews". This sentiment comes up again when he says that most Jews "reciprocate" the ADL's supposed detestation of Judaism.
He's just another religious conservative detached from reality. It's actually quite concerning when a lawyer makes baseless claims about an anti defamation organization. I don't know if it meets the legal definition of defamation, but it certainly gets the common usage for it. Anyone who's ever been represented by this guy should get another trial, because this guy seems likely to prove your role in the murder in the process of trying to prove your innocence blaming liberals and judges for your arrest.
I'm simply pointing out that the ADL are not paragons. They throw their weight around for their own political purposes. Just because bad guys say things you don't like doesn't mean they should not be allowed to say anything.