(Bloomberg) — Elon Musk railed in opposition to “bogus” media stories accusing him of antisemitism, issuing his strongest response but after endorsing antisemitic content material in a submit on X that provoked outrage and alienated advertisers like Apple Inc.
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The backlash erupted final week after the billionaire Tesla Inc. chief and X-owner agreed with a submit that stated Jewish individuals maintain a “dialectical hatred” of white individuals. That message has since drawn criticism from the White Home in addition to a number of Tesla buyers. Walt Disney Co. was among the many large company names which have distanced themselves from the platform previously often known as Twitter.
On Sunday, the entrepreneur posted that he wished “solely the perfect for humanity.” Hedge fund supervisor Invoice Ackman was amongst those that have leapt to Musk’s protection. The financier stated final month he could be interested by pursuing a cope with X Corp. as a part of a brand new funding car that targets personal corporations looking for to boost $1.5 billion or extra and presumably take them public, in accordance with the Wall Avenue Journal.
Musk has lengthy drawn hearth for selling hate speech. His newest submit prompted criticism from each politicians and a number of the world’s largest corporations, who’ve urged the billionaire to higher management content material on his platform. A variety of advertisers additionally halted spending on X after a Media Issues report discovered that a number of corporations ran adverts on the social media platform subsequent to pro-Nazi content material.
Learn Extra: Invoice Ackman Defends Musk After Antisemitism Backlash on X
A number of promoting executives privately urged X CEO Linda Yaccarino over the weekend to resign to be able to save her popularity, the Monetary Occasions reported, citing unidentified individuals aware of the matter. However she has refused to stop, saying she believes within the firm’s mission, the FT reported.
–With help from Dana Hull.
(Updates with extra advertiser stress within the fourth paragraph)
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