Elon Musk Slams Mark Zuckerberg's Meta For 'Falsely' Taking Credit For X Sales After Facebook, Instagram Advertisers File $7B Lawsuit
Portfolio Pulse from Rounak Jain
Elon Musk has accused Meta Platforms Inc. (NASDAQ:META) of falsely claiming credit for sales that originated from his platform, X (formerly Twitter), amidst a $7 billion lawsuit filed by advertisers against Meta's Facebook and Instagram for inflating ad viewership. This accusation adds to the ongoing rivalry between Musk and Meta's co-founder, Mark Zuckerberg, especially after Musk's acquisition of X in 2022.
March 30, 2024 | 5:01 am
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Meta Platforms Inc. is accused by Elon Musk of falsely claiming sales credits, amidst facing a $7 billion lawsuit for inflating ad viewership on Facebook and Instagram.
The direct accusation by Elon Musk against Meta Platforms Inc. for falsely claiming sales credits, combined with the significant $7 billion lawsuit for inflating ad viewership, could negatively impact investor sentiment and Meta's stock price in the short term. The high relevance and importance are due to the direct involvement of Meta in these allegations and the potential financial and reputational implications.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100