This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
The owner of X social media platform, Elon Musk, just can't seem to catch a reprieve. After being accused of both anti-Semitism as well as supposedly pandering to the Jewish lobby, Musk now finds himself in an unenviable position of trying to soothe the tempers of agitated advertisers, who seem intent on jumping the proverbial ship.
As we hinted in a recent post, Elon Musk recently waded into the controversy surrounding the Gaza war by responding in the affirmative to an X post that accused the Jewish communities of pushing "dialectical hatred" against the whites.
And, at the risk of being repetitive, I am deeply offended by ADL’s messaging and any other groups who push de facto anti-white racism or anti-Asian racism or racism of any kind.
I’m sick of it. Stop now.
— Elon Musk (@elonmusk) November 15, 2023
Amid allegations of supporting anti-Semtism, Elon Musk clarified that he is against racism of any kind.
indeed 😂
— Elon Musk (@elonmusk) November 17, 2023
Meanwhile, after banning certain terms and their euphemism that imply genocide of the Jewish people, Elon Musk found himself in the unenviable position of having to face criticism from both sides of the proverbial aisle on the Gaza war.
NEWS: Comcast & NBC Universal to stop all advertising on Twitter immediately $CMCSA pic.twitter.com/BCMUNEGN2C
— X Daily News (@xDaily) November 18, 2023
This brings us to the crux of the matter. Comcast and NBC Universal have now halted all advertisements on X.
ANALYSIS: The root cause of X having antisemitic content next to Ads seems to be that X’s automated Ad Adjacency tools aren’t able to determine if the content in images is antisemitic.
Additionally, X’s recent decision to help users monetize on Ads that run on users profiles is… https://t.co/M3kr8WXEEZ pic.twitter.com/S7UU84YZkr
— X Daily News (@xDaily) November 16, 2023
Additionally, IBM has also halted all advertisements after some anti-Semitic content was found displayed adjacent to IBM's adverts on X.
The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and ALL those who colluded in this fraudulent attack on our company pic.twitter.com/55vl7PspaQ
— Elon Musk (@elonmusk) November 18, 2023
It seems Elon Musk has had enough and now intends to lob a "thermonuclear" lawsuit against Media Matters for waging a "fraudulent attack" against X.
Premium+ also has no ads in your timeline.
Many of the largest advertisers are the greatest oppressors of your right to free speech. https://t.co/dVkTMaGV2b
— Elon Musk (@elonmusk) November 18, 2023
Elon Musk also called advertisers "oppressors" of freedom of speech.
It was not that long ago when Elon Musk had gone full scorched earth against the Anti-Defamation League (ADL) for wiping "half the value" of X by encouraging advertisers to abandon the social media platform.
As we noted in an earlier post, 37 of the top 100 advertisers of the pre-Musk era refused to spend a single dime on X in the first quarter of 2023, and another 24 advertisers in this list curtailed their ad spend on the platform by around 80 percent. Most of these advertisers had resumed their activity on X by Q2. However, the ongoing crisis might again reinvigorate a collective boycott against the social media platform.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
Follow Wccftech on Google to get more of our news coverage in your feeds.
