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Elon Musk's Comments Spark Controversy Over X's Advertising Future

Despite backlash, political campaigns continue to invest in X promotions while major companies pull their advertising.

  • Elon Musk's recent comments to advertisers have sparked a debate over the future of X's advertising business, with some experts believing that the platform may struggle to maintain relationships with major companies.
  • Despite Musk's controversial remarks, political campaigns have continued to spend on X promotions, with ad buyers spending more than $1.7 million on X posts promoting a candidate or their 'war room's' account.
  • X CEO Linda Yaccarino has defended Musk's comments, stating that X's principles will not be compromised and that the platform will not be distracted by critics.
  • Bill Ackman, head of investment holding company Pershing Square Holdings, has also defended Musk, stating that he believes Musk and X are treated unfairly and inconsistently by advertisers.
  • Musk's comments have led to a number of major companies, including Disney and Apple, halting their advertising on X.
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