In massive setback for Elon Musk’s X, Apple pulls ads over antisemitism controversy

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.

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.

Walmart Inc. has stopped advertising on the social media platform X, the latest major company to do so. 

Elon Musk, speaking at the New York Times' DealBook Summit, gave a shocking declaration to advertisers that have stopped showing ads on X (formerly Twitter) and are leaving the platform, telling them to stop advertising and that they were blackmailing the X owner “with their money”. Musk's defiance also came without any restraints as he used expletives multiple times in the conversation telling brands responsible for boycotting the platform such as IBM, Disney, Comcast, and others to go away and that people will be the judge if X shuts down due to advertisers' money.

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. 

Elon Musk-owned X (formerly Twitter) is going through advertising revenue troubles after many of its major advertisers such as Apple, IBM, Comcast, and others have pulled ads from the platform. But despite the hiccup, the platform continues to bring new features for the users. In a new announcement that came directly from Musk, the platform is introducing another way for its Premium subscribers to get a larger reach on the platform, this time with some strategic control over it. Musk has revealed that adding posts to the Highlights tab, which was introduced in August, will enable users to reach more users.

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.

Assassin's Creed publisher Ubisoft has pulled its live advertising from X, formerly Twitter, amidst the ongoing row over antisemitism on the platform.

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.”