Elon Musk Claps Back At Advertisers For Pulling Ads Over Endorsement Of Antisemitic Post: 'Greatest Oppressors Of Free Speech'
Portfolio Pulse from Bibhu Pattnaik
Elon Musk criticized major advertisers for pulling ads from social media platform X, accusing them of suppressing free speech. This follows their withdrawal after Musk endorsed an antisemitic post. Companies like Apple, Disney, Warner Bros. Discovery, IBM, and Lions Gate Entertainment have stopped advertising on X. X's CEO Linda Yaccarino emphasized the platform's stance against discrimination and efforts to combat antisemitism.
November 18, 2023 | 7:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple Inc. has pulled advertisements from social media platform X after Elon Musk's endorsement of an antisemitic post.
Apple's decision to pull ads could reflect negatively on its public image, potentially affecting investor sentiment and stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The Walt Disney Co. has withdrawn advertisements from X in response to Elon Musk's support for an antisemitic post.
Disney's ad withdrawal could be seen as a stance on corporate responsibility, possibly impacting its stock as investors react to these ethical considerations.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
IBM Corp. has joined other major companies in pulling ads from X after Elon Musk's endorsement of an antisemitic post.
IBM's decision to stop advertising on X could be perceived negatively by investors, potentially leading to a short-term dip in stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Lions Gate Entertainment Corp. has pulled ads from X in the wake of Elon Musk's support for an antisemitic post.
Lions Gate Entertainment's ad withdrawal could negatively impact investor perception and the company's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Warner Bros. Discovery Inc. has ceased advertising on X following Elon Musk's controversial endorsement of an antisemitic post.
The withdrawal of ads by Warner Bros. Discovery may lead to negative investor sentiment due to the company's association with the controversy, potentially affecting its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80