After the rumours of James Franco attempting to pick up a 17-year-old girl online started circulating earlier this week, fans of the actor (and there are certainly many of them) hoped that it wasn’t true. Today Franco himself has come out with a statement on the matter, released via live TV, as you do.

James Franco
True or not, this story might leave a pretty big dent in Franco's reputation.

"I'm embarrassed," Franco said on Live with Kelly and Michael. "I guess I'm just a model of how social media is tricky. It's a way people meet each other today." He added, "I used bad judgment and I learned my lesson."

Watch Franco walking the red carpet at the Tribeca Film Festival 2013.