Elon Musk expressed frustration towards advertisers who stopped spending on his social media platform X in response to hate speech. He also apologized for endorsing an antisemitic conspiracy theory.
Musk’s Response to Advertisers
Billionaire Elon Musk criticized advertisers for halting spending on his social media platform X in response to antisemitic and other hateful material, calling it ‘blackmail’ and telling them to go away.
Apology for Antisemitic Conspiracy Theory
During an on-stage interview at The New York Times DealBook Summit, Musk apologized for endorsing an antisemitic conspiracy theory in response to a post on X that contributed to the advertiser exodus.
Accusations and Advertiser Exodus
Musk has been accused by the Anti-Defamation League and others of tolerating antisemitic messages on the platform, which has gained increased scrutiny since the Israel-Hamas conflict. Big brands, including Disney and IBM, ceased advertising on X due to their ads appearing alongside hateful content.
Legal Action Against Media Matters
Additionally, X has filed a lawsuit against Media Matters, alleging that the nonprofit manufactured a report to drive advertisers away and harm the company.
Musk’s comments come shortly after a visit to Israel, where he toured a kibbutz attacked by Hamas militants and held discussions with top leaders.