Elon's Massive NEW X.com Lawsuit | Fully Summary in 8 Minutes [X vs Media Matters]

here's the tldr on the lawsuit that X

just filed against Media Matters it all

stems from the following two posts that

I'm about to show you and I'm going to

show you what Twitter is alleging is

deceitful about what Media Matters is

alleging so let's be clear X is run and

owned by Elon Musk Media Matters posted

an article basically saying that Elon

musk's Twitter which is now called X

puts advertis iers ads next to

insensitive content like images of

Hitler or commentary about the third W

quite specifically here are two such

examples on the left you could see one

individual user saying sadly this is

true and it's a quote of the Nationalist

saying real talk and it's what people

think a spiritual awakening is versus

what it actually is and then a picture

of Hitler

as you can see in the screenshot right

below it there is an apple advertisement

right next to it on the right you'll see

Carl rattle talking about facts about

the Third Reich the Nazi party and below

that you'll see an xinity ad now this

was used as a way to essentially say

that X is bad because it will put your

advertising dollars next to Nazis first

of all

a lot of people look at this and go X is

known for free speech if you want to say

stuff then you can say stuff and the

point of X is to allow people to say

what they want you'll actually notice

that with these particular tweets they

didn't get a lot of Engagement the Third

Reich one got about 172 likes the other

one got about 30 likes so relative to

the content that most people see on a

regular basis you probably have to be

following these user accounts to

interact with this and there might be

some people who want stats about the

Third Reich that also want Xfinity

Internet that's sort of just looking

about it from sort of an outside point

of view in now unfortunately Media

Matters used these screenshots that they

found to disparage X and try to get

other advertisers to drop their

advertisements on X now Elon Musk and X

are suing Media Matters here is the

compl

and the complaint basically says Media

Matters the company that took these

screenshots and is trying to disparage X

basically generated this kind of content

next to ads by their own manipulative

practice so what do they mean by that

and I'm going to come back to this

because I think this is an interesting

wow right there that I wrote there

basically musk is alleging an X is

alleging that Media Matters purposefully

manipulated these algorithms and they

did it by making accounts and

exclusively following uh people or

posters known to produce extreme Fringe

contents uh content and then they

purposefully scrolled uh generating 13

to 15 times more advertisements per hour

than an average Twitter user which

obviously you know does an average user

include people who are active on the

platform

versus not active on the platform

whatever but they're basically trying to

make this argument that Media Matters

followed Fringe maybe far rightwing

accounts or authoritarian accounts or

whatever and then started doing this

just scrolling scrolling scrolling

scrolling until they found those Xfinity

and apple ads next to questionable

content took a screenshot of it and then

made fun of basically X and said that

this is a bad platform because it

obviously puts your ad money next to you

know disgusting content right here is

the Media Matters article itself where

it says as musk endorses anti-semitic

conspiracy theory X has been placing ads

for Apple Bravo IBM Oracle and XFinity

next to pro-nazi content and of course

they found that with uh their rapid

scrolling X alleges that this might

happen in like

0.009% of cases and you basically have

to orchestrate it to try to pull this

off uh the CEO of X posted on Twitter

earlier that only one to two users

actually saw these ads and one of those

users were Media Matters themselves so

how does this devolve now well now you

have a fight now basically you have a

lawsuit Media Matters has to argue that

no advertisers didn't stop advertising

on Twitter costing you money because of

our post they actually quit advertising

because of Elon musk's comments on other

posts okay so you're going to have a

debate about that that's number one

number two Media Matters is going to say

you did have that ad next to those

pictures so what we said can't be

defamatory because it was true and it

doesn't matter that we manipulated the

algorithm it did show

up X is going to respond and say well

you might have been saying the truth but

you're not saying the whole truth in how

you manipulated the algorithm to do that

and therefore now you cost us damages

and we are now therefore suing for all

of the damage that is being caused it's

really difficult by the way just you

know to win this kind of lawsuit to say

we were defamed advertisers have stopped

advertising on X it's solely your fault

and you have cost us X and therefore now

you have to pay it's a really hard fight

to fight but I don't think Elon is

actually fighting this fight because he

thinks that he's going to win I think

he's fighting it because it perpetuates

the image of Elon Musk promoting his

fight for free speech which if you think

about it the best advertisement for

Twitter is we are a free speech platform

and we will fight for it whether or not

they win doesn't matter it's the idea

that Twitter will fight for free speech

and that's good good for them now one

thing that I did think was surprising

which I wrote wow next to was that

Twitter makes or I keep saying Twitter

I'm sorry about that that's just the way

I still think of it uh X makes an

overwhelming source of its revenue from

advertisements I actually thought the

premium subscriptions would have been

helping but it sounds like it's still

mostly ads

which that is also concerning to some

since advertising revenue is deemed to

be still down about 50% and so a lot of

people are concerned about the economic

health of Twitter but are hopeful that

it can recover so we'll see what happens

fingers crossed I support Elon with this

I don't think he's going to win this

lawsuit but I think his messaging is

appropriate and I do think it's messed

up for a company like Media Matters to

purposefully try to rig the algorithm to

dump on X that's messed up like you can

agree or disagree with Elon all you want

I agree with 99% of what Elon does and

says but there's 1% of the stuff where

I'm like bro stop being a

knucklehead and I'm allowed to have that

opinion that's my version of free speech

right but I think honestly most people

probably feel that way it's like yeah

you know not like a yeah you know a

siant who's just going to suck up to

somebody anyway thank you so much for

watching I hope you found this useful go

check out meetkevin.com for the Black

Friday sale we have on the programs on

Building Wealth and we'll see you in the

next one goodbye why not advertise these

things that you told us here I feel like

nobody else knows about this we'll try a

little advertising and see how it Go

congratulations man you have done so

much people love you people look up to

you Kevin P there financial analyst and

YouTube at meet Kevin always great to

get your

take