Elon Musk’s recent controversial comments have caused advertisers to suspend spending on X after he endorsed anti-Semitic conspiracy theories. This has led to a heated exchange between Musk and Andrew Ross Sorkin at the DealBook conference, where Musk expressed disdain for advertisers and waved to Disney CEO Bob Iger. The situation is not looking great for the platform and its CEO, Linda Yaccarino, as Musk continues to make inflammatory statements and promote conspiracy theories. Advertisers who have suspended spending on X include Apple, Comcast/NBCUniversal, Disney, Warner Bros. Discovery, IBM, Paramount Global, Lionsgate, and the European Commission. Musk’s comments and actions have also drawn criticism for promoting hate speech and failing to moderate harmful content on the platform. While Musk has apologized for his comments, the controversy continues to escalate.
In addition, a recent report by Media Matters for America highlights how ads from companies like Apple, IBM, Bravo, Oracle, and Xfinity appear next to posts that glorify Nazi ideology on X. X has denied these claims and even filed a lawsuit against the media watchdog. The situation continues to be complex and controversial as X grapples with the fallout from Musk’s comments and the implications for its future advertising partnerships.
Source: techcrunch.com
