American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

X boss Elon Musk tempers comments about advertisers as he looks to woo them back

by admin June 24, 2024
June 24, 2024
X boss Elon Musk tempers comments about advertisers as he looks to woo them back

Elon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform.

At the Cannes Lions advertising festival in Cannes, France, Musk was asked by WPP CEO Mark Read what he meant by telling advertisers threatening to pull ads from the platform late last year to “go f— yourself.”

Musk said it was meant as a general point on free speech rather than a comment to the wider advertising industry.

“It wasn’t to advertisers as a whole,” Musk said. “It was with respect to freedom of speech, I think it is important to have a global free speech platform, where people from a wider range of opinions can voice their views.”

“In some cases, there were advertisers who were insisting on censorship,” Musk said. “At the end of the day … if we have to make a choice between censorship and losing money, [or] censorship and money, or free speech and losing money, we’re going to choose the second.”

“We’re going to support free speech rather than agree to be censored for money which I think is the right moral decision,” he added.

Musk flew into Cannes earlier this week with an aim to reassure ad groups and global brands over the future of X.

He was joined by Linda Yaccarino, X’s CEO and former chairman of global advertising and partnerships for NBCUniversal. NBCUniversal is the parent company of NBC News.

Last year, some of the world’s largest advertisers including Apple, IBM, Disney, and Sony pulled their advertising on X in the wake of controversial comments made by Musk, as well as instances of their ad placements being featured alongside toxic posts.

In November, Musk travelled to Israel to meet with local officials after he was accused by civil rights groups of amplifying anti-Jewish hatred on X.

The tech billionaire, asked at the time whether this trip was an “apology tour” to advertisers, said onstage at 2023 DealBook Summit in New York that advertisers threatening to halt spending on ads on the platform should stop advertising on his platform.

“Don’t advertise,” he said in the November interview with CNBC’s Andrew Ross Sorkin. “If somebody is going to try and blackmail me with advertising? Blackmail me with money? Go f— yourself.”

Musk on Wednesday backpedalled on his attacks against advertisers.

“Of course, advertisers have a right to appear next to content they find compatible with their brands,” he said. “What is not cool is insisting that there can be no content that they disagree with on the platforms.”

He added: “In order for X to be the public square for the world, it really better be a free speech platform — that doesn’t mean people can say illegal things; it’s free speech within the bounds of the law.”

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Polls say older voters want Social Security protections. Yet parties are tied for their support.
next post
Rite Aid shutting down 27 more locations, bringing closure total to nearly 550 nationwide

Related Posts

Did Janet Yellen fall for a Bitcoin scam?...

January 17, 2025

RDDT stock 2025 forecast: will the company sustain...

December 29, 2024

Asian markets close: Sensex closes over 620 pts...

May 27, 2025

NFL open to private equity team ownership of...

July 13, 2024

How Hermès stays resilient in economic uncertainty on...

April 20, 2025

Micron stock price forecast: will it rise or...

March 17, 2025

Can Apple AirPods Pro 2 function as a...

October 22, 2024

Who is Paik Jong-won and why is he...

October 25, 2024

AMD stock price forecast: Here’s why it could...

November 30, 2024

FTSE 100 index forecast as the GBP/USD exchange...

April 16, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,209)
    • Investing (2,537)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved