Elon Musk’s poor choice of words on X has cost his company millions as big brands like Apple, Disney, IBM, Comcast pause advertising. However, X is ramping up a new advertising strategy by targeting small and medium-sized advertisers. The platform faced backlash when ads appeared next to antisemitic posts, and Musk’s comments further exacerbated the situation. Walmart has also joined the list of brands pausing advertising on X, opting for other platforms to reach their customers.
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Elon Musk’s X has a new ‘survival plan’ as advertising revenues go dry
Elon Musk’s poor choice of words on X has cost his company millions as big brands like Apple, Disney, IBM, Comcast pause advertising. However, X is ramping up a new advertising strategy by targeting small and medium-sized advertisers. The platform faced backlash when ads appeared next to antisemitic posts, and Musk’s comments further exacerbated the situation. Walmart has also joined the list of brands pausing advertising on X, opting for other platforms to reach their customers.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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