On Saturday, Elon Musk, the proprietor of social media platform X, brazenly criticized main advertisers for suppressing customers’ freedom of speech.
What Occurred: This criticism got here as a number of outstanding advertisers withdrew their adverts from X, previously Twitter, amid the controversy surrounding Musk’s assist for an antisemitic put up on Wednesday.
Corporations like Apple Inc. AAPL, The Walt Disney Co. DIS, Warner Bros. Discovery Inc. WBD, IBM Corp. IBM, and Lions Gate Leisure Corp. LGF have pulled commercials from the platform.
Musk, in response, attacked these top-tier advertisers, calling them “the best oppressors of free speech.”
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The strain between social media networks and their promoting companions has been escalating, as platforms like X, which claims to advocate without cost speech, have been confronted with advertisers’ considerations about affiliation with controversial content material.
Following the backlash surrounding Musk’s endorsement of the antisemitic put up on Wednesday, X CEO Linda Yaccarino said on the platform the following day, “X’s perspective has all the time been very clear that discrimination by everybody ought to STOP throughout the board — I believe that is one thing we will and may all agree on. In terms of this platform — X has additionally been extraordinarily clear about our efforts to fight antisemitism and discrimination. There isn’t any place for it anyplace on the planet — it is ugly and incorrect. Full cease.”
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This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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