Amazon Resumes Advertising on Elon Musk's X in Significant Shift
The e-commerce giant increases ad spending on the platform after a year-long pause, signaling a potential thaw in relations between major brands and X.
- Amazon is increasing its ad spending on X, more than a year after pausing advertising due to concerns over hate speech and content moderation.
- The decision follows Jeff Bezos and Elon Musk's recent public camaraderie, with both attending President Trump's second inauguration earlier this month.
- X, formerly known as Twitter, has faced significant financial struggles since Musk's $44 billion acquisition in 2022, with ad revenue dropping by over 55% year-over-year in 2023.
- Other major companies like Apple are reportedly reconsidering their stance on advertising on X, though spending levels remain far below pre-acquisition figures.
- Musk, now a close advisor to President Trump and head of the Department of Government Efficiency, has faced criticism for past controversial actions and statements, which contributed to brands pulling ads from X.