During a conference on Wednesday night, Elon Musk expressed contrition for a recent anti-Semitic remark on X, but he also fiercely chastised advertisers who had left the site.
This month, Musk called the departure of advertisers “blackmail,” threatening to shut down X, the original name of Twitter, due to a lack of ad income.
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“Elon Musk Warns: Advertising Boycott Spells Doom for the Company – Earth to Witness Its Fallout” 2013
Musk stressed, “The company will essentially die as a result of the advertising boycott.” “We’ll meticulously document it so that everyone on the planet can know that those marketers were the reason behind the company’s downfall. Watch to see how Earth reacts.”
An attempt to reach X for comment was met with no response at all.The last wave of significant corporations to pull out of X for advertising included Comcast, IBM, Warner Bros. Discovery, and Disney (the parent firm of ABC News)
“Elon Musk’s Address to Bob Iger and Fiery Rebuke of Advertisers Amid Controversy“
Hey Bob, that’s how I feel if you’re in the audience,” Musk said, addressing Disney CEO Bob Iger, who had addressed the gathering earlier in the day.Disney did not answer a request for comment right away.
When speaking to the businesses who had taken down their ads from the social networking site, Musk employed severe rhetoric.Prior to denouncing the sponsors, Musk apologized for a post he had made on X earlier in the month that was widely seen as anti-Semitic.
I apologize for the post,” Musk said. “I made a stupid mistake. It may be the stupidest and most foolish post I’ve ever made out of the 30,000 postings. I’ve made several attempts to be clear, but maybe it will be clear that I’m not anti-Semitic at all.”
“Elon Musk Reveals 50% Drop in Advertising Revenue Since Acquisition; Apologizes for Anti-Semitic Remark While Criticizing Advertisers”
According to a July post on X, Musk stated that advertising income had decreased by around 50% since he bought the firm last year.
Earnings reports showed that the company’s revenue was mostly from advertising sales prior to the purchase. During a conference on Wednesday night, Musk expressed contrition for a recent anti-Semitic remark on X, but he also fiercely chastised advertisers who had left the site.
This month, Musk called the departure of advertisers “blackmail,” threatening to shut down X, the original name of Twitter, due to a lack of ad income.
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