While Mark Zuckerberg-Led Meta Battles Advertiser Complaints, Elon Musk Continues To Thrash Facebook, Instagram For Allegedly Stealing 'Credit For Traffic'
Portfolio Pulse from Ananya Gairola
Elon Musk has criticized Meta Platforms, Inc. (NASDAQ:META) for allegedly taking credit for traffic originating from his platform, X (formerly Twitter). This criticism follows a lawsuit in Japan against Meta for not verifying ad authenticity, highlighting ongoing issues with Meta's advertising system. Musk also mentioned a personal dissatisfaction with community notes on X, using it to emphasize the platform's efforts in ad verification. Amidst these challenges, Musk has invited advertisers to return to X, pointing out Meta's advertising system glitches and its impact on advertisers.
April 30, 2024 | 4:40 am
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Meta Platforms, Inc. faces criticism from Elon Musk for allegedly taking credit for traffic from X, amidst a lawsuit in Japan and ongoing advertising system challenges.
Musk's criticism, combined with the lawsuit in Japan and reported issues with Meta's advertising system, could negatively impact investor confidence and advertiser trust in Meta, potentially leading to a short-term decrease in stock price.
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