MarketWatch First Take: Elon Musk’s X apocalyptic moment

Daily Trade

Is this the beginning of the end for X, the social-media site previously known as Twitter?

In the last two days, major advertisers, ranging from IBM Corp. IBM, Apple Inc. AAPL, Lions Gate Entertainment Corp. LGF.A, Walt Disney Co. DIS, even the European Union, have pulled their ads from X, after Elon Musk appeared to endorse antisemitic conspiracy theories and because these big spenders weren’t thrilled with the algorithm’s product placement nestled alongside pro-Nazi posts.

Earlier…

Articles You May Like

Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy’s playbook
Cathie Wood says her ‘volatile’ ARK Innovation fund shouldn’t be a ‘huge slice of any portfolio’
Gap says it picked up wealthier shoppers, and more market share, despite weak clothing demand
Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
It’s time now to focus on Nvidia, Treasury bonds and a bullish finish to 2024