Bill Ackman defends Elon Musk after backlash over antisemitism

Elon Musk's artificial intelligence venture, xAI, has recently disclosed its intention to secure up to a billion dollars in funding, as indicated in a filing with the Securities and Exchange Commission, Fox Business reported.

Social media giant X, formerly known as Twitter, has defended its response to recent rioting in Dublin that was in part fuelled by far-right users of the platform. X described as "inaccurate" claims by Ireland's justice minister Helen McEntee that it did not engage with Irish police during the November 23 unrest.

X Chief Executive Officer Linda Yaccarino, who oversees the social network's relationships with advertisers, sent a memo to employees signalling her support of owner Elon Musk after his incendiary comments insulting brands that have backed away from the platform.

Elon Musk may be close to winning a long-running battle of wills with the Indian government led by PM Narendra Modi. Policy makers in New Delhi have been hoping to entice Tesla Inc. to produce electric vehicles in India. Musk, meanwhile, wants to sell his cars here without paying the exorbitant import tariffs that India charges.

Elon Musk's verbal assault on advertisers who have shunned X (formerly Twitter) threatens to sink the social network further, with the tycoon warning of the platform's demise, just one year after taking control.

The advertising woes for X (formerly Twitter) are growing by the day. Recently, the platform witnessed major companies pulling out of showing ads including Apple, IBM, and Comcast. Now, a new report claims that the Elon Musk-owned social media platform can lose as much as 75 million dollars by the end of 2023 due to the exodus of companies. 

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Billionaire and omnipresent main character Elon Musk has declared he was once one of the best Quake players in the world, to the tune of winning money for his skills. This obviously sounds like the kind of thing your mate would say after their third pint, but the revelation came during an interview with podcaster Lex Fridman during which Musk was expansive on his wider gaming habits, and particularly his Diablo 4 druid's inability to beat Lilith.

During a 1990 Senate race in his home state of North Carolina, Michael Jordan was asked why he didn't endorse the African-American Democratic candidate. He was still explaining his response — “Republicans buy sneakers too” — to reporters 30 years later, saying he wasn't an activist in the mold of Muhammad Ali: “I thought of myself as a basketball player.”

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Outcry over unchecked antisemitic content and commentary on social media site X, some of it endorsed by the platform's owner Elon Musk, reached a tipping point on Friday, with large advertisers such as Apple Inc. pulling ads and the White House chastising the billionaire. 

X (formerly Twitter) has once again found itself in troubled waters courtesy its billionaire owner, Elon Musk. Ever since the Israel-Hamas conflict began, the social media platform has been filled with hate posts, propaganda, and misinformation. But recently, brands have pulled the plug on advertising on the platform citing antisemitism as a big reason. Recently, IBM, Disney, Warner Bros., Discovery, and EU pulled ads, and now Apple has joined the list as well, as per a report. Incidentally, the big chunk of the advertisers exiting came after company owner Elon Musk replied in support of a post accusing Jewish people of hating white people.