Elon Musk's Controversial Behavior Costs X Major Advertisers
Musk's endorsement of an antisemitic conspiracy theory leads to an estimated $75 million in lost ad revenue for the quarter.
- Elon Musk, owner of the social media platform X, formerly known as Twitter, has faced backlash from advertisers after endorsing an antisemitic conspiracy theory.
- Major companies such as Disney, Paramount Global, Apple, Warner Bros, and IBM have pulled their advertising from X.
- Musk has responded defiantly, telling advertisers to 'go f**k yourself' and warning that the boycott could 'kill the company'.
- Musk's controversial behavior on X has reportedly cost the platform an estimated $75 million in lost ad revenue for the quarter.
- X is now trying to attract small businesses to replace the lost advertising revenue.