Current:Home > StocksElon Musk says advertiser boycott at X could "kill the company"-InfoLens
Elon Musk says advertiser boycott at X could "kill the company"
View Date:2024-12-23 11:48:34
Elon Musk, the billionaire owner of X, said the decision by some major advertisers to distance themselves from the social media platform (formerly known as Twitter) could "kill the company."
"And the whole world will know that those advertisers killed the company," Musk said while appearing Wednesday at The New York Times' Dealbook Summit, where he was interviewed by Times reporter Andrew Ross Sorkin.
Musk also issued a defiant response to Disney CEO Bob Iger, who had appeared at the conference earlier in the day and spoke about his decision to halt advertising on X after Musk supported an antisemitic comment on the platform. Iger said that Disney "felt that the association was not necessarily a positive one for us."
Musk responded, "Go f--- yourself, is that clear? I hope it is. Hey Bob, if you're in the audience. That's how I feel. Don't advertise."
The advertising backlash occurred earlier this month after Musk tweeted that a post on X that claimed Jews fomented hatred against White people, echoing antisemitic stereotypes, was "the actual truth."
Disney, Apple, Coca Cola and other companies removed paid ads from the platform in the following days, which could deprive X of up to $75 million in revenue, according to a New York Times report.
Still, Musk said Wednesday his support of the antisemitic post was "one of the most foolish" he'd ever posted on X.
"I am quite sorry," he said, adding "I should in retrospect not have replied to that particular post."
- In:
- Elon Musk
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.
TwitterveryGood! (848)
Related
- Who will save Florida athletics? Gators need fixing, and it doesn't stop at Billy Napier
- Christian Pulisic, Weston McKennie to miss USMNT's game against Mexico as precaution
- Bath & Body Works apologizes for candle packaging that sparked controversy
- Ruth Chepngetich smashes woman's world record at Chicago Marathon
- Gossip Girl Actress Chanel Banks Reported Missing After Vanishing in California
- Sean 'Diddy' Combs accuser says 'clout chasing' is why her lawyers withdrew from case
- Europa Clipper prepared to launch to Jupiter moon to search for life: How to watch
- Pennsylvania voters to decide key statewide races in fall election
- Insurance magnate pleads guilty as government describes $2B scheme
- Biden will survey Hurricane Milton damage in Florida, Harris attends church in North Carolina
Ranking
- Demure? Brain rot? Oxford announces shortlist for 2024 Word of the Year: Cast your vote
- Ruth Chepngetich smashes woman's world record at Chicago Marathon
- Six college football teams can win national championship from Texas to Oregon to ... Alabama?!
- Bath & Body Works Apologizes for Selling Candle That Shoppers Compared to KKK Hoods
- Northern Taurid meteor shower hits peak activity this week: When and where to watch
- Matthew Gaudreau's Pregnant Wife Celebrates Baby Shower One Month After ECHL Star's Tragic Death
- Hurricane Milton leaves widespread destruction; rescue operations underway | The Excerpt
- 25 Shocking Secrets About Pulp Fiction Revealed
Recommendation
-
Will Reeve, son of Christopher Reeve, gets engaged to girlfriend Amanda Dubin
-
SpaceX launches Starship the 5th time; successfully catches booster in huge mechanic arm
-
Mega Millions winning numbers for October 11 drawing: Jackpot rises to $169 million
-
‘The View’ abortion ad signals wider effort to use an FCC regulation to spread a message
-
Rep. Michael McCaul of Texas says he was detained in airport over being ‘disoriented’
-
Starship launch: How to watch SpaceX test fly megarocket from Starbase in Texas
-
It’s Treat Yo' Self Day 2024: Celebrate with Parks & Rec Gifts and Indulgent Picks for Ultimate Self-Care
-
What makes the New York Liberty defense so good? They have 'some super long people'