Several major advertisers have announced they are cutting off their spending on microblogging site X after Elon Musk\u2019s post on the social media platform endorsing antisemitic conspiracy theory, The New York Times reported. Disney said it was halting spending on X. Similarly, Lionsgate, the entertainment and film distribution company, and Paramount Global, the media giant that owns CBS announced they are pausing spending on X. Apple, which spends tens of millions of dollars a year on X, also announced suspension of advertising on X, The New York Times reported citing a person with knowledge of the situation. On Thursday, IBM announced that it will cut its spending on X.<\/p>\n
The decision of companies comes after Musk agreed with a post that said Jewish people who are facing antisemitism amid the Israel-Hamas war of pushing the \u201cexact kind of dialectical hatred against whites that they claim to want people to stop using against them\u201d and supporting the immigration of \u201chordes of minorities.\u201d Musk responded, \u201cYou have said the actual truth.\u201d On Friday, the White House condemned Elon Musk for boosting the anti-Jewish conspiracy theory, calling it \u201cunacceptable,\u201d The New York Times reported.<\/p>\n
In a statement, White House spokesperson Andrew Bates said that it was \u201cunacceptable to repeat the hideous lie behind the most fatal act of antisemitism in American history at any time, let alone one month after the deadliest day for the Jewish people since the Holocaust.\u201d X\u2019s chief executive, Linda Yaccarino in a statement shared on the site on Thursday said that the company had been \u201cextremely clear about our efforts to combat antisemitism and discrimination.\u201d However, on Friday, Musk agreed with a post on X.<\/p>\n
He later said that accounts that made \u201cclear calls for extreme violence\u201d would be suspended. In a post shared on X, Musk stated, \u201cAs I said earlier this week, \u201cde-colonisation\u201d, \u201cfrom the river to the sea\u201d and similar euphemisms necessarily imply genocide. Clear calls for extreme violence are against our terms of service and will result in suspension.\u201d Advertisers have become apprehensive about X since Musk purchased X and said he wanted more free speech and would loosen content moderation rules, which implied that the social media platform could theoretically place brands\u2019 ads next to posts with offensive or hateful speech.<\/p>\n
Many companies, including General Motors and Volkswagen, have balked several times over the past year at having their promotions appear alongside a documented surge in hate speech, misinformation and foreign propaganda on X, The New York Times reported. In April, Elon Musk announced that nearly all advertisers had returned on the platform, without revealing whether they were spending at the same levels. He later said that the ad revenue had reduced by 50 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Several major advertisers have announced they are cutting off their spending on microblogging site X after Elon Musk\u2019s post on\u2026<\/p>\n","protected":false},"author":28,"featured_media":11701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[3414,505,284,623,157,1483,3413,1753,1418,305],"class_list":["post-11700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-advertising-revenue","tag-anti-semitism","tag-apple","tag-disney","tag-elon-musk","tag-hate-speech","tag-ibm","tag-islamophobia","tag-israel-hamas-war","tag-x"],"reading_time":"3 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/11700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=11700"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/11700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/11701"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=11700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=11700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=11700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}