‘It’s going to kill the company’: Elon Musk launches F-bomb-filled tirade against giants like Disney for stripping ads from X over his endorsement of an antisemitic post

0
2K

Elon Musk, the billionaire owner of X (formerly Twitter), has delivered a stark message to advertisers boycotting the platform over his endorsement of an antisemitic post: “Go f— yourself!”

‘It’s going to kill the company’: Elon Musk launches F-bomb-filled tirade against giants like Disney for stripping ads from X over his endorsement of an antisemitic post

‘It’s going to kill the company’: Elon Musk launches F-bomb-filled tirade against giants like Disney for stripping ads from X over his endorsement of an antisemitic post.

Don’t miss

  • Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlord

  • Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwinds

  • Save big on your holiday shopping with an app that’s already saved Americans $160 million

In a tricky exchange with journalist Andrew Ross Sorkin at the 'New York Times' DealBook Summit,' on Nov. 30, Musk dropped several f-bombs against companies who have stopped advertising on the social media platform.

‘If somebody’s going to try and blackmail me with advertising, blackmail me with money — go f— yourself,” he said, specifically calling out Walt Disney (DIS) CEO Bob Iger, who earlier in the DealBook Summit had said associating with Musk and X was “not necessarily a positive” for Disney.

“What this advertising boycott is going to do is it’s going to kill the company,” said Musk, with the warning: “The whole world will know that advertisers killed the company, and we will document it in great detail.”

What caused the advertising boycott?

Musk has faced a torrent of criticism after re-sharing an X post in November that claims Jewish people are stoking hatred against white people. Musk also added the comment: “You have said the actual truth.”

In response, many major U.S. companies — including Apple (AAPL), Coca-Cola (KO), Warner Bros Discovery (WBD) and NBCUniversal parent Comcast (CMCSA) and many more — suspended their ads on X.

Read more: Thanks to Jeff Bezos, you can now use $100 to cash in on prime real estate — without the headache of being a landlord. Here's how

Even the White House weighed in on Musk’s post, stating: “We condemn this abhorrent promotion of Antisemitic and racist hate in the strongest terms.”

Musk did apologize at the DealBook Summit, describing his actions as “foolish” and admitting he had “handed a loaded gun” to both detractors and antisemitic people by sharing the controversial post with his 165 million followers.

But that did not stop the Tesla (TSLA) CEO from launching a profanity-laced tirade against the advertisers that have left the social media platform.

And when Sorkin presented the idea that Musk may actually be the one who will cause the downfall of X, and that advertisers are leaving the platform because they “didn’t feel comfortable” being associated with his “inappropriate” posts, Musk simply replied: “Let’s see how Earth responds to that.”

A painful price to pay

The advertising freezes on X could cost the company as much as $75 million in advertising revenue by the end of the year, according to internal documents viewed by The New York Times.

U.S. advertising on the platform is down nearly 60% this year — a dramatic decline that chief executive Linda Yaccarino is trying to turn around.

In an X post after Musk’s explosive interview on Wednesday, Yaccarino wrote: “My perspective when it comes to advertising: X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and is here to welcome you. To our partners who believe in our meaningful work — Thank You.”

 

Sponsored
Laura Geller
Search
Sponsored
Laura Geller
Categories
Read More
Other
Global Tight Gas Market Analysis by Size, Share, Growth, Trends and Forecast (2024–2032) | UnivDatos
According to a new report by UnivDatos, Tight Gas Market was valued at USD 41,355...
By ahasanumi a month ago 0 251
Other
Online Proctoring Software Market to 2024 | Industry Statistics, Emerging Demands and Forecast to 2031 | Inspera, Meazure Learning, Turnitin, Proctor360
Online Proctoring Software Market report has recently added by Analytic Insights Hub which helps...
By jerry001 2 months ago 0 292
News
World War 3 has already started
A Ukrainian tank in the snow The D-Day commemorations in Normandy took place against...
By Ikeji 10 months ago 0 1K
Art
Mastering Clean Sheet Betting: Strategies for Success in Football Wage
Clean sheet bet, have you heard of it? It's a rather unique type of bet in football betting. In...
By hvttalatathui a year ago 0 2K
Other
Recruitment Process Outsourcing (RPO) Market Expansion, Challenges, and Prospects
Recruitment Process Outsourcing (RPO) size was valued at USD 7.20 Billion in 2023 and the total...
By rajnandini 2 months ago 0 522