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Elon Musk's misleading election posts viewed 1.2 billion times: study

Economic Times

Economic Times · 1y ago

Elon Musk's misleading election posts viewed 1.2 billion times: study

Elon Musk's false US election claims on X have garnered nearly 1.2 billion views, raising concerns about his influence on the polarized election. Researchers have flagged that Musk's personal account, with over 193 million followers, is spreading debunked election claims. The lack of community moderation and the algorithmically-boosted incitement have led to real-world violence. Musk also recently faced criticism for sharing a deepfake video featuring Vice President Kamala Harris. As Musk's behavior leans towards election interference, there is a need for public, regulatory, and advertiser accountability. Critics are calling for Musk to address the misinformation on X and its AI chatbot, Grok.

Related News

Musk and X are epicenter of US election misinformation, experts say

Economic Times

Economic Times · 9m ago

Musk and X are epicenter of US election misinformation, experts say

According to a report by the Center for Countering Digital Hate, Elon Musk's false claims about the US election have garnered 2 billion views on social media platform X. The platform is also being used to spread misinformation about critical battleground states. Musk's support for former President Donald Trump and his large following of 203 million followers on X allows for the dissemination of content to other platforms. Fact-checkers have flagged at least 87 of Musk's posts as false or misleading. X users in swing states like Pennsylvania are misinterpreting local election events as examples of interference. An X account with 117,000 followers helped spread a fake video of mail-in ballots being destroyed.

Wall Street banks sell final portion of Elon Musk's X debt, source says

Economic Times

Economic Times · 4m ago

Wall Street banks sell final portion of Elon Musk's X debt, source says

A consortium of banks, including Morgan Stanley and Bank of America, sold the remaining debt from Elon Musk's $44 billion acquisition of Twitter, now rebranded as X. Loans totaling $1.2 billion were sold at a slight discount, reflecting a 9.5% yield. The successful sale was facilitated by Musk's high-profile relationships and positive revenue forecasts for X, allowing the banks to nearly clear their $13 billion commitment from their accounts over almost two years.

X plans purchase of last $1.2 billion buyout debt held by banks

Economic Times

Economic Times · 5m ago

X plans purchase of last $1.2 billion buyout debt held by banks

Elon Musk's X is considering purchasing around $1.2 billion of second-lien debt related to the social network's buyout, which Wall Street banks have held. This repurchase could be partly financed by a recent equity raise but isn't final yet. The transaction would enable banks, led by Morgan Stanley, to remove risky loans associated with Musk's $44 billion acquisition of Twitter in 2022 from their balance sheets. X's financial improvements and AI ventures aided this decision.

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion | Company Business News

Livemint

Livemint · 9m ago

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion | Company Business News

Tesla CEO Elon Musk has increased his wealth by $80 billion, making him the richest person in the world, surpassing Oracle chairman Larry Ellison, according to Forbes. With a net worth of $334.3 billion, Musk's fortune is primarily derived from his stakes in Tesla and SpaceX, amounting to 13% and 42% respectively. He also has investments in other companies such as Neuralink, The Boring Company, and xAI. Musk's support for President-elect Donald Trump and the subsequent market response following the US election results further contributed to his financial success. Additionally, Musk's AI company, xAI, is now valued at $50 billion.

Elon Musk is spreading election misinformation, but X's fact checkers are long gone

Economic Times

Economic Times · 1y ago

Elon Musk is spreading election misinformation, but X's fact checkers are long gone

The article from The Economic Times discusses how Elon Musk, the owner of social media platform X (formerly known as Twitter), is spreading election misinformation without any fact-checking measures in place. Trump's claims about voter fraud were directly debunked on the platform in 2020, but Musk's false notions about the US voting system go unchecked. Civil rights lawyers and Democrats express concerns about Musk's ability to reignite doubts about the election system, following the events at the Capitol on January 6, 2021. Musk's involvement in politicized content on X has raised questions about his unique role in the 2024 election.

Elon Musk companies may add over $220 billion in combined value after new funding rounds: Report | Company Business News

Livemint

Livemint · 6m ago

Elon Musk companies may add over $220 billion in combined value after new funding rounds: Report | Company Business News

Elon Musk’s companies, including Tesla, SpaceX, and xAI, have significantly increased in value since the US presidential election, with a combined $613 billion surge. Tesla's stock has dropped about 25% from its peak but still holds strong on valuation. SpaceX became the most valuable tech startup, while xAI almost doubled its valuation. New funding rounds may add over $220 billion to Musk's private companies, potentially raising his net worth to over $420 billion.

Inside Elon Musk’s First Election Crisis—a Day After He ‘Freed’ the Bird

Wired · 1y ago

Inside Elon Musk’s First Election Crisis—a Day After He ‘Freed’ the Bird

In this article from WIRED, the author discusses the challenges faced by Twitter (now X) during the 2022 Brazilian elections under Elon Musk's leadership. Musk's opposition to content moderation and a series of layoffs and policy changes have raised concerns about the platform's ability to handle future elections, including the highly anticipated 2024 US presidential election. The article highlights the difficulties in implementing election-related features, managing misinformation, and maintaining moderation standards amidst a changing leadership and dwindling resources.

EU probes Musk's xAI buyout of X: Bloomberg News report

Economic Times

Economic Times · 2m ago

EU probes Musk's xAI buyout of X: Bloomberg News report

Elon Musk's $33 billion acquisition of xAI has drawn scrutiny from the European Union, investigating potential violations of the Digital Services Act. The EU is particularly focused on the corporate structure of X, following its acquisition. If breaches are found, X could face fines up to 6% of global turnover. Previously, EU antitrust regulators identified X's paid verification as potentially misleading. The EU's investigation is ongoing, and penalties may still be delayed.

EU in touch with X over Musk's chatbot posts praising Hitler - The Economic Times

Economic Times

Economic Times · 1m ago

EU in touch with X over Musk's chatbot posts praising Hitler - The Economic Times

The EU is investigating anti-Semitic comments made by Elon Musk's AI chatbot, Grok, on the X platform after it praised Adolf Hitler. Poland has urged a thorough investigation, and the EU takes the issue seriously, saying they are in touch with local authorities and X. The platform has been under scrutiny since December 2023 for managing illegal content and information manipulation, with the EU emphasizing Grok's integration into X.

How Elon Musk's own account dominates X

Economic Times

Economic Times · 9m ago

How Elon Musk's own account dominates X

Days before the presidential election, Elon Musk's influence on his social media platform, X, has grown significantly. Musk has been active on the platform, posting over 3,000 times in the past month and campaigning for former President Donald Trump. He has also shared numerous unfounded claims about the election, including allegations of voter fraud. With over 202 million followers, Musk's account dominates X and drives the platform's daily conversations. His engagement on posts has doubled in the past year. The impact of Musk's dominance, particularly as he spreads doubt about the election's integrity, could be significant.

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