X will back users' legal battles over posts: Elon Musk
What's the story
Elon Musk's X is stepping up to foot the legal bills of users who've been treated unfairly by their employers due to their activity on the social media platform. With no funding limits, this offer applies to those who've posted or liked content on X. The move comes as the platform undergoes organizational changes and aims to boost its declining advertising revenue.
Twitter Post
Take a look at Musk's post
If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill.
— Elon Musk (@elonmusk) August 6, 2023
No limit.
Please let us know.
What Next?
The bold move comes with benefits and risks
Musk's offer to fund users' legal bills could have significant consequences. It may encourage more people to use X freely, knowing they have legal support if they face employer backlash. Contrarily, it could lead to more legal disputes and potentially harm X's reputation if seen as a platform promoting controversial content. Regardless, Musk's post confirms there are no limitations to the funding.
Details
Rebranded Twitter is struggling with ad revenue
Previously known as Twitter, the platform has been rebranded in an effort to increase revenue. However, X still struggles with a nearly 50% drop in advertising revenue and a heavy debt load. An expected upturn in ad revenue in June didn't happen, even though X executives claim strong usage traction. Despite a recent surge in monthly users (540 million), X's cash flow remains negative.