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Elon Musk's Post Cost X Dearly... Giant Companies Are Withdrawing.
Elon Musk's latest outburst, which was described as "anti-Semitic" and was frequently the target of reactions with his extraordinary statements, cost his company, X, dearly. Many giant companies are ending their advertising agreements with X, which has already suffered huge revenue losses.
The "anti-Semitic" posts of #elonMusk , the richest person in the world, owner of Tesla and X, formerly known as Twitter, cost the famous businessman millions of dollars.
Musk's support of an anti-Semitic conspiracy theory that "Jews hate whites" on
Although #Musk claims that the post is not anti-Semitic, the reactions to the billionaire businessman are growing like an avalanche.
While many Jewish rabbis called on companies to stop advertising to X, the White House called Musk's post "disgusting."
Technology giants Apple and IBM decided to stop advertising on X, owned by Elon Musk. Disney also announced that it would no longer advertise on X.
It has been reported that many companies are disturbed by their ads on X being displayed alongside far-right conspiracy theories and anti-Semitic posts and are considering stopping the ads. These companies include Warner Bros., Paramount, Sony Pictures and Comcast/NBCUniversal.
The latest move by Elon Musk, who has already lost many advertisers after purchasing Twitter and changing its name, is expected to cause the company's revenues to decrease even further.
X's CEO, Linda Yaccarino, shared the message that "the company has always had a clear stance against discrimination" in order to prevent advertising loss.
