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AAPL

DIS

IBM

LGF

WBD

Elon Musk has reaffirmed his commitment to his principles following the withdrawal of advertisements from X (formerly Twitter) by major companies such as Apple Inc. (AAPL), Disney (DIS), Warner Bros. Discovery (WBD), and IBM (IBM) due to his endorsement of antisemitic content. The controversy arose from Musk's support for antisemitic conspiracy theories amid the Israel-Hamas conflict. Jewish leaders have criticized Musk and called for companies to cease advertising on X. Media Matters reported that ads from companies like Apple and IBM were shown alongside content promoting Adolf Hitler, leading to IBM's immediate ad withdrawal. X has faced scrutiny for hate speech, and previously sued the Center for Countering Digital Hate for discouraging advertisers.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 2:40 am

DWAC

META

President Joe Biden is considering joining TikTok to appeal to younger voters for the 2024 election, despite security concerns and calls to ban the app in the U.S. due to its Chinese ownership. Biden's campaign aims to combat his trailing position in polls against Donald Trump. Biden has also joined Truth Social, owned by Trump Media & Technology Group, which is merging with Digital World Acquisition Corporation (NASDAQ:DWAC). Additionally, Biden is active on other social media platforms, including those owned by Meta Platforms Inc (NASDAQ:META). Social media's role in elections is growing as more people consume news through these platforms.

Portfolio Pulse from Chris Katje

November 17, 2023 | 9:54 pm

MSFT

SONY

Larian Studios is releasing a Deluxe Edition of Baldur's Gate 3 for PC, PlayStation 5, and Xbox Series X/S. The edition includes physical and digital game media, collectibles, and is priced at $79.99, with availability set for Q1 2024. The Xbox Series X|S release date will be announced at The Game Awards 2023, with a December target. The Xbox Series S version will not include split-screen play, an exception to Microsoft's feature parity policy.

Portfolio Pulse from Franca Quarneti

November 17, 2023 | 9:28 pm

TSLA

Dwayne 'The Rock' Johnson learned about Tesla's Cybertruck and SUVs on 'The Joe Rogan Experience.' Joe Rogan, a fan of the Cybertruck, shared its features and pricing tiers, praising Elon Musk for creating innovative products. Musk's tweet about the podcast reached millions, highlighting the power of word-of-mouth advertising for Tesla. Johnson, who drives a Ford F-150 Raptor, may consider Tesla after Rogan's endorsement.

Portfolio Pulse from Chris Katje

November 17, 2023 | 9:13 pm

AAPL

Apple Inc. has decided to pause all advertising on the social network X, owned by Elon Musk, due to Musk's endorsement of antisemitic conspiracy theories and Apple ads being placed next to far-right content. This decision aligns with actions taken by IBM and calls from Jewish rabbis and activists for companies to stop advertising on X. Media Matters for America reported that ads from Apple, IBM, Amazon, and Oracle were shown alongside far-right posts. X's CEO Linda Yaccarino emphasized the company's stance against antisemitism and discrimination, and an X executive stated that accounts identified by Media Matters will no longer be monetizable and the highlighted posts will be labeled as 'Sensitive Media.'

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:37 pm

AVAXUSD

DOGEUSD

FLOKIUSD

SHIBUSD

SOLUSD

Dog-themed cryptocurrencies, known as dog coins, are outperforming the broader crypto market, with Solana-native dog coin Bonk (BONK) leading the surge with a 1,441% rally. Solana (SOL) has also outperformed recently, which may be contributing to BONK's rise. Dogecoin (DOGE) has seen significant whale movement and plans to send physical tokens to the moon. Floki (FLOKI) has entered a marketing partnership with Indian cricket teams, and Shiba Inu (SHIB) has partnered with Manny Pacquiao for fundraising. Dogecoin millionaire Glauber Contessoto plans to invest in additional altcoins, including Avalanche (AVAX).

Portfolio Pulse from Khyathi Dalal

November 17, 2023 | 7:36 pm

LGF/A

Lionsgate, a major entertainment company, has suspended all advertising on platform X, according to a company spokesman. The article does not specify the reasons behind this decision or the potential financial impact on either Lionsgate or platform X.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:32 pm

IBM

TSLA

Elon Musk's reply to an antisemitic post on Twitter has sparked backlash, drawing criticism from investors, advertisers, and the White House. IBM paused its Twitter advertising, which could impact Tesla's brand and share price. Tesla investor Ross Gerber and Citron Research expressed concerns over Musk's behavior affecting Tesla negatively. The EU is also targeting Twitter over misinformation, with Musk considering removing the platform from Europe.

Portfolio Pulse from Chris Katje

November 17, 2023 | 7:18 pm

AMZN

Final Fantasy XVI is now available at a 43% discount for $39.99 on Amazon.com for Black Friday. The game, originally priced at $70, launched in June 2023 with a rating of 9. Other PlayStation-related deals include a PS5 'slim model' bundle for $499.99 and DualSense Controllers for $49.

Portfolio Pulse from Franca Quarneti

November 17, 2023 | 4:47 pm

TSLA

The White House has publicly condemned the promotion of antisemitism, referencing a social media post by Elon Musk. The post in question has drawn significant attention and criticism, prompting a response from the administration.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:56 pm