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How X owner Elon Musk uses his social platform to amplify his right-wing views

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How X owner Elon Musk uses his social platform to amplify his right-wing views
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News

How X owner Elon Musk uses his social platform to amplify his right-wing views

2024-08-14 07:12 Last Updated At:07:20

As X’s owner and most followed user, Elon Musk has increasingly used the social media platform as a megaphone to amplify his political views and, lately, those of right-wing figures he’s aligned with. There are few modern parallels to his antics, but then again there are few modern parallels to Elon Musk himself.

Of course, none of this should come as a surprise.

Back in 2022 when he was trying to buy Twitter, Musk said he was doing so because it wasn't living up to its potential as a “platform for free speech." Protecting free speech — not money — was his motivation because, as he put it, “having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.”

Musk often ruminates on the future of civilization. For one, he appears fixated on a coming “ population collapse,” threatening to wipe out humanity. And he joined prominent scientists and tech leaders last year in warning the world about artificial intelligence doing the same. Musk has framed threats to free speech as yet another existential crisis looming over the world. And he is going to try his best to save it.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in an April 2022 post, adding hearts, stars and rocket emojis to highlight the statement.

Two years on, the platform — now called X — has indeed become a haven for the type of free speech Musk has come to champion. In the U.S., he’s spread memes — and sometimes misinformation — about illegal immigration, alleged election fraud and transgender policies, and he formally endorsed former President Donald Trump’s presidential bid this summer.

In May 2023, he co-hosted Florida Gov. Ron DeSantis' official presidential bid announcement. That turned out to be a disastrous rollout marred by technical glitches but it underscored Musk's desire to turn X into a “digital town square.” After the event was marred by technical difficulties, Musk extended an open invitation to any other presidential candidate who wants to do one. Trump took him up on it, agreeing to an interview with the billionaire Tesla CEO on Monday evening. The conversation started with technical glitches with people unable to join in and began some 42 minutes late.

“I’ve not been very political before,” Musk said during his conversation with Trump.

Overseas — where most X users live — he's feuded with top officials in Australia, Brazil, the European Union and the U.K. over the balance between free speech and the spread of harmful misinformation. And he accused a political party in his native South Africa of “openly pushing for genocide of white people.”

“Elon Musk is a master of the media and controls one of the world’s largest microphones. Musk understands the power of social media in shaping a political narrative,” said Emarketer analyst Jasmine Enberg. “The concern is that as he pushes his own political agenda, X could suppress viewpoints that oppose Musk’s own, either intentionally or by nature of the platform becoming more partisan. That could turn off users who feel marginalized on the platform, and disillusion some who may have earlier bought into his free speech mantra.”

Musk’s political shift playing out on X comes as other social media platforms, notably Meta’s Facebook and Instagram, are shying away from politics. Meta CEO Mark Zuckerberg has never endorsed a presidential candidate — and in February, the world’s largest social media company announced it would avoid recommending political content to people who don’t already follow such accounts.

Lately, Zuckerberg appears to contrast Musk in other ways too. While as recently as January, the Facebook founder was testifying before Congress about the harm his platforms have caused children, he seemed to have embraced a more stylish look that includes gold chains, longer curls and a beaming confidence coupled with slightly self-deprecating humor that seems to embrace his eccentricities. On July 4th, for instance, he posted a video of himself riding an electric surfboard, wearing a tuxedo and holding a can of beer in one hand and an American flag in the other. The online response was far more positive than to a 2021 surfing photo, where he's seen slathered in so much sunscreen it looks like he is wearing a white mask.

Musk, meanwhile, is veering from cool nerd territory into what Kara Swisher, the elder stateswoman of tech journalism, recently called “the Howard Hughes portion” of an inevitable decline. He's sparring with those who disagree with him — be they foreign governments or people infected by what he calls the “woke mind virus.” Last week, the British government called on Elon Musk to act more responsibly after the tech billionaire used X to unleash a barrage of posts that risk inflaming violent unrest gripping the country.

Justice Minister Heidi Alexander made the comments after Musk posted a comment saying that “Civil war is inevitable” in the U.K. Musk later doubled down, highlighting complaints that the British criminal justice system treats Muslims more leniently than far-right activists and comparing Britain’s crackdown on social media users to the Soviet Union.

Officials at X did not immediately respond to requests for comment.

Of course, some of Musk's current battles over free speech are similar to those that the previous Twitter administration was fighting in repressive regimes that have, at times, restricted or blocked access to the platform to suppress dissent. In Venezuela, for instance, President Nicolás Maduro ordered a 10-day block on access to X in the country last week — the latest in a series of efforts by his government to try to suppress information sharing among people voicing doubts about his claim to victory in the July 28 presidential election. Maduro accused X of being used by his opponents to create political unrest, and gave the company 10 days to “present their documents,” but he gave no additional details.

Musk's antics are unlike any other Big Tech leader, and while it may be off-putting to a segment of his X user base, it could also attract eyeballs to his platform. Could this all be part of a broader plan? After all, despite publicly criticizing Musk's antics, those on the left continue to use his platform.

“X has remained surprisingly resilient throughout the recent controversy,” Enberg said. "That’s in no small part due to consumer fascination with conspiracy theories and Elon Musk himself.”

AP Technology Writer Matt O'Brien contributed to this story.

How X owner Elon Musk uses his 'free speech' platform to amplify his views worldwide

How X owner Elon Musk uses his 'free speech' platform to amplify his views worldwide

FILE - Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, March 9, 2020. The British government on Tuesday, Aug. 6, 2024, has called on Musk to act responsibly after one of the world’s richest men used his social media platform to unleash a barrage of posts that risked inflaming the violent unrest gripping the country. (AP Photo/Susan Walsh, File)

FILE - Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, March 9, 2020. The British government on Tuesday, Aug. 6, 2024, has called on Musk to act responsibly after one of the world’s richest men used his social media platform to unleash a barrage of posts that risked inflaming the violent unrest gripping the country. (AP Photo/Susan Walsh, File)

How X owner Elon Musk uses his 'free speech' platform to amplify his views worldwide

How X owner Elon Musk uses his 'free speech' platform to amplify his views worldwide

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Stock market today: Wall Street wavers a day after setting record highs

2024-09-20 21:39 Last Updated At:21:40

U.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six. The Dow Jones Industrial Average slipped 63 points, or 0.2% after likewise setting its own all-time high the day before. The Nasdaq composite was flat. FedEx slumped after its profit and revenue for the latest quarter fell short of analysts’ expectations. Nike jumped after naming Elliott Hill as its chief executive. Treasury yields rose in the bond market.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Wall Street pointed lower Friday as a rally driven by the Federal Reserve’s big cut to interest rates faded and markets' focus turned to earnings and other corporate news.

Futures for the S&P 500 shed 0.2% before the bell, while futures for the Dow Jones Industrial Average were essentially unchanged.

Fedex tumbled more than 13% in after-hours trading after the package delivery company's first-quarter earnings came up woefully short of Wall Street expectations. FedEx's profit per share came in 20% below forecasts and a nearly a dollar short of the same period a year ago. The company blamed flagging demand for certain services and higher operating expenses.

Nike shares got a boost from news that the athletic shoe company named Elliott Hill as its president and CEO, replacing John Donahoe. Its shares rose 6.6% as investors applauded the change that will bring Hill, who retired from the company in 2020, back to run the show.

Shares in Trump Media and Technology Group slid 5.7% to all-time lows as the lockup period for the company's biggest shareholder, former President Donald Trump, ended.

Trump owns more than half of the $3 billion company behind the Truth Social platform. But Trump and other insiders in the company have been, until today, unable to cash in because a “lock-up agreement” has prevented them from selling any of their shares. Trump has said he's in no rush to sell.

U.S. indices rose to record highs on Thursday after the Federal Reserve delivered its first cut to interest rates in more than four years a day earlier.

That closed the door on a run where the Fed kept its main interest rate at a two-decade high in hopes of slowing the U.S. economy enough to stamp out high inflation. Now that inflation has fallen from its peak two summers ago, Chair Jerome Powell said the Fed can focus more on keeping the job market solid and the economy out of a recession.

The Fed is still under pressure because the job market and hiring have begun to slow under the weight of higher interest rates. Some critics say the central bank waited too long to cut rates and may have damaged the economy.

Elsewhere, in Europe at midday, Germany’s DAX, the CAC 40 in Paris and London's FTSE 100 were all down in the neighborhood of 0.8%.

The Bank of Japan ended a two-day monetary policy meeting by announcing it would keep its benchmark rate unchanged at 0.25%.

In Tokyo, the Nikkei 225 index soared 1.5% to close at 37,723.91 after the nation's key inflation data in August accelerated for a fourth consecutive month. The core consumer price index rose 2.8% year-on-year in August, exceeding the central bank’s 2% target and leaving room for further rate hikes.

Markets are closely watching for hints on the pace of future rate hikes from BOJ Gov. Kazuo Ueda.

“For the BOJ, given current economic conditions and recent central bank rhetoric, further policy adjustments are not expected until later this year or early 2025,” Anderson Alves of ActivTrades said in a commentary.

The U.S. dollar rebounded against the Japanese currency, rising to 144.14 yen from 142.62 yen late Thursday. The euro rose to $1.1167 from $1.1161.

China refrained from further monetary stimulus as the central bank left key lending rates unchanged on Friday. The 1-year loan prime rate (LPR), the benchmark for most corporate and household loans, stays at 3.45%, and the 5-year rate, a reference for property mortgages, was held at 3.85%.

The Hang Seng in Hong Kong added 1.4% to 18,258.57 and the Shanghai Composite index edged up less than 0.1% to 2,736.81.

Elsewhere in the region, Australia’s S&P/ASX 200 rose 0.2% at 8,209.50. South Korea's Kospi advanced 0.5% to 2,593.37.

India's Sensex gained 0.9% and Taiwan's Taiex was up 0.5%.

In the bond market, the yield on the 10-year Treasury ticked down to 3.71% from 3.73% late Thursday. The two-year Treasury yield, which more closely tracks expectations for Fed action, ticked up to 3.61% from 3.59%.

In other dealings early Friday, U.S. benchmark crude oil lost 32 cents to $70.84 per barrel. Brent crude, the international standard, declined 31 cents to $74.56 per barrel.

On Thursday, the S&P 500 jumped 1.7% to 5,713.64 for one of its best days of the year and topped its last all-time high set in July. The Dow leaped 1.3% to 42,025.19, and the Nasdaq composite led the market with a 2.5% spurt to 18,013.98.

A bus passes the Wall St. subway station on Wednesday, Sept. 18, 2024, in New York. (AP Photo/Peter Morgan)

A bus passes the Wall St. subway station on Wednesday, Sept. 18, 2024, in New York. (AP Photo/Peter Morgan)

Trader Michale Conlon, right, works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome Powell's news conference appears on a television screen behind him, Wednesday, Sept. 18, 2024. (AP Photo/Richard Drew)

Trader Michale Conlon, right, works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome Powell's news conference appears on a television screen behind him, Wednesday, Sept. 18, 2024. (AP Photo/Richard Drew)

A person walks in front of an electronic stock board showing Japan's Nikkei index and Japanese Yen exchange rate at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index and Japanese Yen exchange rate at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

People ride bicycles in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

People ride bicycles in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

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