Elon Musk Is Getting A Charge Out Of Cheech And Chong's Hilarious Cannabis Ads On Twitter/X
Portfolio Pulse from Maureen Meehan
Cheech & Chong's Global Holding, the parent company of cannabis gummies, has been spending between $250,000 and $500,000 a month on Twitter ads since earlier this year. Other companies that spend more than $500,000 a month on Twitter ads include Chevron, Apple, and Amazon. Twitter, now called X, has seen declining ad revenue in recent months due to concerns about content moderation and controversial tweets from Elon Musk. Twitter became the first social media platform to allow cannabis advertising, and Cheech & Chong's Global is capitalizing on this new market.
August 10, 2023 | 8:55 pm
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NEUTRAL IMPACT
Apple is one of the companies spending more than $500,000 a month on Twitter ads. This indicates a significant investment in Twitter as an advertising platform.
Apple's significant spending on Twitter ads shows its commitment to the platform as an advertising medium. However, the impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Amazon is also spending more than $500,000 a month on Twitter ads, showing its reliance on Twitter for advertising.
Amazon's significant spending on Twitter ads indicates its reliance on the platform for advertising. However, the direct impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Chevron is among the companies spending more than $500,000 a month on Twitter ads, indicating a significant investment in Twitter as an advertising platform.
Chevron's significant spending on Twitter ads shows its commitment to the platform as an advertising medium. However, the impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Elon Musk's controversial tweets have been cited as one of the reasons for Twitter's declining ad revenue. This could potentially impact Tesla's public image.
While Elon Musk's tweets are mentioned as a factor in Twitter's declining ad revenue, it's unclear how this directly impacts Tesla. However, as CEO, Musk's actions can influence public perception of the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50