Major Brands Resume Ads on Elon Musk's X After Trump Victory
Despite a significant drop in ad spending, companies like Disney and Comcast return to the platform following Donald Trump's election win.
- Disney, Comcast, IBM, and others have resumed advertising on X, formerly Twitter, though at much lower levels than before.
- The return of advertisers follows the election of Donald Trump, with Musk's close ties to the president-elect seen as a factor.
- Ad spending on X from major brands fell 98% in 2024 compared to the same period in 2023 due to concerns over antisemitic content.
- X's overall ad revenue dropped 29% year-over-year, with new advertisers like Karma Shopping stepping in to fill the gap.
- Despite the return of some advertisers, X continues to face challenges with brand safety and user departures post-election.