Apple and Disney Among Companies Stopping Ads On X

Discussion in 'Wall St. News' started by ajacobson, Nov 17, 2023.

  1. ajacobson

    ajacobson

    Move follows Elon Musk posting that an antisemitic social-media post was ‘the actual truth’

    By

    Joe Flint
    and

    Patience Haggin
    Updated Nov. 17, 2023 9:24 pm ET

    [​IMG]
    The exodus of major advertisers adds to the business challenges Elon Musk faces in managing X. PHOTO: CARLOS BARRIA/REUTERS


    Apple AAPL -0.01%decrease
    and several major entertainment companies stopped advertising on Elon Musk’s X after the social-media network’s owner described an antisemitic post this week as “the actual truth” and again lashed out at the Anti-Defamation League.


    Among those pausing ads on the social-media platform are

    Disney DIS -0.38%decrease
    ,
    Warner Bros. Discovery WBD 3.78%increase
    ,
    Paramount Global PARA 3.37%increase
    , NBCUniversal and its parent
    Comcast
    and
    Lions Gate Entertainment LGF.B 1.14%increase
    , people close to those companies said.


    The companies followed tech giant

    IBM
    , which stopped ads on X, formerly known as Twitter, on Thursday.


    The exodus of major advertisers adds to the business challenges Musk faces in managing X, which has lost users and revenue since he took it over last year. Downloads of the X app have also fallen.




    A spokesman for X didn’t respond to a request for comment. Axios previously reported that Apple halted its advertising on X.

    Musk agreed with a post this week on X that said Jewish people hold a “dialectical hatred” of white people, eliciting a new round of criticism that he promotes antisemitic views. He later seemed to qualify his response.

    Musk has had run-ins before with Apple, one of the social-media platform’s biggest advertisers. A year ago Musk, the world’s richest man, said Apple had “mostly stopped advertising” and claimed Apple threatened to remove the company’s app from the iPhone maker’sApp Store.

    But after Apple Chief Executive Tim Cook met with Musk at Apple’s headquarters, the two men appeared to resolve their differences.

    Musk subsequently pointed to Apple’s continued business with the platform to suggest it was safe for others. “It’s worth noting that…Apple has remained a major advertiser,” Musk said at an event in April. He also pointed to Disney’s continued presence, saying the entertainment company “has remained a major advertiser—they literally advertise children’s shows on Twitter—and they wouldn’t do that if it was filled with hate speech.”


    IBM said in a statement Thursday that it was pulling ads after a report from Media Matters for America showing IBM’s ads appeared next to pro-Nazi posts on X. IBM said it had “zero tolerance for hate speech and discrimination” and was immediately suspending ads as it investigated “this entirely unacceptable situation.”

    Organizations including the ADL, the Jewish advocacy group that fights antisemitism, and the Center for Countering Digital Hate have pointed to heightened bigotry on the platform since Musk took charge. Musk has fought back, threatening to sue the ADL and filing a suit against the Center for Countering Digital Hate.

    The controversy is the latest challenge for X Chief Executive Linda Yaccarino, who joined the company from NBCUniversal last June in part to reassure advertisers that the platform was a safe space for their marketing efforts

    Five months into the job, the extraordinary balancing act of Yaccarino’s role is becoming clear: As she woos advertisers to spend on X, her boss keeps throwing barbs that dismay them.

    Yaccarino posted on X that the service has been “extremely clear about our efforts to combat antisemitism and discrimination,” adding: “There’s no place for it anywhere in the world—it’s ugly and wrong.”
     
  2. newwurldmn

    newwurldmn

    I think Elon is purposely trying to kill Twitter.
     
  3. ajacobson

    ajacobson

    Agreed. Certainly appears to look like it
     
    TrailerParkTed and newwurldmn like this.
  4. Media Matters lied and doctored their information. You guys are just gullible saps. Not the brightest bulbs in the bunch tbh.
     
  5. This shed light on a lot of it. Pretty disgusting what these democrats will do
     
    Dual 1219 likes this.
  6. Specterx

    Specterx

    Don’t fuck with Big Jew.
     
    Collagen likes this.
  7. Oh for fuck sakes. Again, another woke libertard screaming and throwing around terms of 'Nazis'.

    You know, people need to be more like Dana White. Some CEO tries to restrict your freedom of expression/votes/rights. Just say "Fuck Yourself".

    Unfortunately, we have a lack of strong men like this in America day.

     
    athlonmank8 likes this.
  8. newwurldmn

    newwurldmn

    And just like Dana white can say fuck you, the advertisers can exercise their free speech and stop advertising.

    why are they not advertising? Because musks views upset paying consumers and companies don’t want to be associated with it.

    it’s not liberal vs conservative. It’s capitalism: proper Republican capitalism.
     
  9. destriero

    destriero

    Musk agreed with a post this week on X that said Jewish people hold a “dialectical hatred” of white people.

    “Actual truth”

    Why are you right-wingers so concerned with who advertises on Twitter? You’re within your right to boycott their products. So much whining. I’d call you pussies but I don’t want to come off as overtly sexist/misogynyst.
     

  10. I never will understand that. The left wants to destroy everything they don't agree with. Burn down cities, kill people, financially ruin them. They're very sick mentally. Not to mention the constant lying. They never tell the truth anymore. BLM funding was a complete lie (the money was embezzled), masks don't work, shutting down businesses because of Covid, and then you have the media who will never be honest about anything. I know so many people who are no longer democrats. The main reason is because of the CONSTANT lying.
     
    #10     Nov 18, 2023