Elon Musk: Fact-Checked Tweets May Be Ineligible for Payouts

Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over antisemitic commentary. 

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.

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon Musk inflaming tensions with his own tweets endorsing an antisemitic conspiracy theory.

Billionaire Elon Musk endorsed an antisemitic post on X, the social media site he owns, that attacked members of the Jewish community for pushing “dialectical hatred” against white people. 

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.

Union Commerce and Industries Minister Piyush Goyal is scheduled to visit the US from November 13-17 to attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting and has been invited to attend the Asia-Pacific Economic Cooperation Summit in San Francisco.

A recent report highlighted that Elon Musk-owned SpaceX is on track to record a $9 billion revenue, with projections for operating profits. Its new venture, Starlink, the satellite internet service provider, has begun contributing to the revenue significantly now. Musk also has big plans for the venture as the company is expected to launch Starlink cellular service, which will provide satellite-based messaging and internet facilities to smartphones. The service is planned to be launched in 2024, but ahead of schedule, the US Federal Communications Commission (FCC) has sent a set of questions to SpaceX over concerns around certain matters.

Elon Musk's Neuralink is getting ready to ‘mess' with people's heads - literally! The neurotechnology company received clearance from the United States Food and Drug Administration (FDA) a few months ago and began recruiting volunteers for a groundbreaking procedure in September. However, this also coincided with a troublesome Wired report which raised questions over the nature of the death of Neuralink's test monkeys. Amidst the controversy, the company has reportedly received interest from thousands of applicants. Here's all about the procedure.

Elon Musk has said that he will “look into” why Xbox and PlayStation are no longer offering players the option to share content to X, formerly known as Twitter.

Social media researchers have canceled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk that limit access to the social media platform, nearly a dozen interviews and a survey of planned projects show.