"Elon Musk's Controversial Actions Prompt Advertisers to Distance Themselves from X"
TL;DR Summary
Walmart has announced that it will suspend advertising on Elon Musk's social media platform X, joining other major companies such as Disney, Apple, IBM, and Warner Bros. The decision comes after Musk appeared to endorse an antisemitic post, which he later called a "mistake" and "one of the most foolish things" he had done on the platform. The controversy could cost X up to $75 million in ad revenue by the end of 2023, and investor Ross Gerber has criticized Musk's behavior, stating that he has never seen a CEO do "so many detrimental things" to harm a brand.
- Walmart joins growing list of companies to suspend advertising on Elon Musk's X Business Insider
- Bill Maher says Elon Musk's controversial post 'did test my patience with him': Looked 'really antisemitic' Fox News
- X advertisers stay away as CEO defends Musk's “go f*** yourself” interview Ars Technica
- Opinion | Elon Musk Is Making a Giant Mistake … Unless? The New York Times
- Why would Elon Musk want to deliberately destroy X? The Guardian
Reading Insights
Total Reads
0
Unique Readers
15
Time Saved
1 min
vs 2 min read
Condensed
75%
392 → 99 words
Want the full story? Read the original article
Read on Business Insider