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Advertisers ‘won’t take risk’ of returning to X after Elon Musk’s expletive-filled rant
Advertisers ‘won’t take risk’ of returning to X after Elon Musk’s expletive-filled rant
Advertisers are refusing to return to X – formerly Twitter – after the platform’s owner Elon Musk told them to “go f*** yourselves” if they try to pull their marketing from the microblogging site. After Mr Musk was accused of antisemitism last month, a number of the world’s biggest companies and X’s biggest advertisers, including Apple and IBM, pulled their marketing from the platform. While the Tesla chief initially said he was “sorry” and denied any suggestion he was antisemitic, he later added that advertisers who withdrew their marketing from X because of his tweet should “go f*** yourselves”. “If someone is going to try to blackmail me with advertising, blackmail me with money? Go f*** yourself. Go f*** yourself. Is that clear? I hope it is,” Mr Musk said at the New York Times’ Dealbook Summit. “The whole world will know that those advertisers killed the company and we’ll document it in great detail,” he added. Now, a number of marketing agencies say the brands they represent are firmly against returning to advertising on X. “Thank you Elon Musk, for making it very clear how seriously you take advertisers concerns... Advertisers, judge for yourselves if this is a man who you can do business with,” Lou Paskalis, the founder and chief of the marketing consultancy AJL Advisory, posted on X. “There is no advertising value that would offset the reputational risk of going back on the platform,” Mr Paskalis told NYT. Advertisers are unlikely to step in to support X, said Ruben Schreurs, the chief strategy officer at marketing firm Ebiquity. The row began last month after Mr Musk endorsed a post claiming that Jewish people “have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them” as the “actual truth”. In response, a number of top companies, including Apple, Disney and Coca Cola, have since removed paid ads from X – moves that could slash the company’s revenue by millions of dollars. Watchdog Media Matters also published a report alleging that ads on X were being placed next to posts supporing Nazism, in response to which the social media company filed a defamation claim against the group. Mr Musk’s rank at the Dealbook Summit came come on Wednesday. “I will certainly not pander,” the multibillionaire said. He even took a direct jab at Disney chief Bob Iger who had earlier explained why the entertainment company had pulled advertising from X. Just hours after Mr Musk’s expletive-laden comment on Wednesday, X chief Linda Yaccarino attempted to soften the damage, sharing the owner’s apology on the platform and appealing to advertisers to return. “Here’s my perspective when it comes to advertising: X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and here to welcome you,” Ms Yaccarino said. “Businesses are simply full of people, and people like to be treated well, respected and dealt with with dignity,” Steve Boehler, founder of marketing management consultancy Mercer Island Group, told NYT. Read More Everything we know about Tesla’s Cybertruck after first cars are delivered Musk says antisemitic tweet was ‘foolish’ – but blames media for angry reaction Elon Musk believes OpenAI may have made ‘dangerous’ discovery OpenAI may have made a ‘dangerous’ artificial intelligence discovery, Elon Musk says Elon Musk publicly tells advertisers to ‘go f*** yourselves’ Elon Musk mocked for trying to resurrect QAnon Pizzagate conspiracy
2023-12-01 19:29
US yields languish above lows before Powell remarks; oil sags
US yields languish above lows before Powell remarks; oil sags
By Kevin Buckland TOKYO Treasury yields and the dollar hovered above multi-week lows on Wednesday as markets grappled
2023-11-08 11:20
Buccaneers top Vikings 20-17 as Baker Mayfield finishes strong in his debut
Buccaneers top Vikings 20-17 as Baker Mayfield finishes strong in his debut
Baker Mayfield recovered from a rough start to throw two touchdown passes without a turnover in his Tampa Bay debut, and the Buccaneers opened the season by beating Minnesota 20-17 after three first-half turnovers by the Vikings
2023-09-11 04:49
Trump lawyers arrive at office of U.S. special counsel -ABC News
Trump lawyers arrive at office of U.S. special counsel -ABC News
WASHINGTON, (Reuters) -Lawyers for former U.S. President Donald Trump arrived at the office of Special Counsel Jack Smith on Thursday,
2023-07-27 22:29
Canada Supreme Court judge quits amid probe over alleged drunken fight
Canada Supreme Court judge quits amid probe over alleged drunken fight
OTTAWA A Canadian Supreme Court judge being probed for alleged involvement in a drunken fight resigned on Monday,
2023-06-13 05:18
Who are Brynn Whitfield’s parents? 'RHONY' star's tragic past saw duo serving prison time for fraud and theft
Who are Brynn Whitfield’s parents? 'RHONY' star's tragic past saw duo serving prison time for fraud and theft
Brynn Whitfield said her family was 'poor as f**k' as spoke to her 'RHONY' castmates about her tragic past
2023-08-14 08:16
Factbox-The new charges in the Trump classified documents case
Factbox-The new charges in the Trump classified documents case
By Jacqueline Thomsen WASHINGTON Former U.S. President Donald Trump and two of his employees are facing new charges
2023-07-28 09:18
New York City turns to school gyms to house new migrants, prompting uproar
New York City turns to school gyms to house new migrants, prompting uproar
New York City has begun housing asylum seekers in public school gymnasiums
2023-05-17 05:21
Armenia grapples with multiple challenges after the fall of Nagorno-Karabakh
Armenia grapples with multiple challenges after the fall of Nagorno-Karabakh
Armenia finds itself facing multiple challenges after being suddenly thrust into one of the worst political crises in its decades of independence following the 1991 collapse of the Soviet Union
2023-10-01 12:54
Supreme Court opened the door to states' voting restrictions. Now a new ruling could widen them.
Supreme Court opened the door to states' voting restrictions. Now a new ruling could widen them.
A U.S. Supreme Court decision a decade ago that tossed out the heart of the Voting Rights Act continues to reverberate across the country
2023-06-06 19:46
Hundreds gather at Ford plant in Michigan as auto workers begin historic strike
Hundreds gather at Ford plant in Michigan as auto workers begin historic strike
By Eric Cox WAYNE, Michigan Hundreds of people, including auto workers on the night shift and their supporters,
2023-09-15 15:46
Atletico hit three to take early Liga lead
Atletico hit three to take early Liga lead
Atletico Madrid wrapped up the opening round of the Spanish Liga season by jumping to the top of the table with a 3-1...
2023-08-15 06:28