According to Elon Musk, the boycott of advertisers at X could potentially result in the downfall of the company.
company was a “fair” decision
Billionaire X owner, Elon Musk, stated that the choice of certain prominent advertisers to separate themselves from the company was a just decision.social media platform
The platform previously called Twitter has the potential to “ruin the business.”
During his appearance at The New York Times’ Dealbook Summit, Musk stated that the entire world will be aware of the fact that the company was brought down by those advertisers. He was being interviewed by Andrew Ross Sorkin, a reporter at The New York Times.
Musk responded boldly to Disney’s CEO Bob Iger, who had spoken at the conference earlier and discussed his choice to stop advertising on X after Musk endorsed a comment with antisemitic undertones. Iger stated that Disney did not see the connection as beneficial for their company.
At 07:33, Elon Musk traveled to Israel after showing support for an anti-Semitic post on X.
In the beginning of this month, there was a negative reaction to advertising when Musk posted on X stating that Jews were responsible for inciting hatred against White people. This statement perpetuated harmful and false stereotypes about Jewish people.
Other companies such as Disney, Apple, and Coca-Cola.removed paid ads
According to a report by the New York Times, the platform may lose up to $75 million in revenue in the coming days.
However, Musk stated on Wednesday that he considers his endorsement of the anti-Semitic message to be one of the most unintelligent things he has ever shared on X.
“I apologize,” he stated, further acknowledging, “In hindsight, I should not have responded to that specific post.”
Aimee Picchi
Thank you for taking the time to read CBS NEWS.
Create your free account or log in
for more features.
Source: cbsnews.com