Elon Musk says Apple has “mostly stopped advertising on Twitter”.
The Tesla billionaire, 51, also asked on the platform: “Do they hate free speech in America?” after a string of big-name bands pulled out of their partnerships with the company after he acquired it for $44 billion.
According to non-profit watchdog Media Matters, 50 of Twitter’s top 100 advertisers, which have spent around $2 billion since the start of 2020, have halted advertising on the site in recent weeks, including Chevrolet, Ford, Jeep, Kraft, Coca Cola, Chanel, CNN, Heineken, and Kellogg’s.
It comes amid worries over Elon’s plans to give users increased “free speech”, which has seen ex-US president Donald Trump’s banned account restored.
In the first full week under Elon’s ownership of Twitter, the Center for Countering Digital Hate claimed the use of racist, homophobic, transphobic and anti-Semitic slurs soared after he took over on October 27.
There is also controversy after Elon fired around 50 per cent of Twitter’s 7,500-strong workforce after he bought up the firm in October.
And he has sparked concern by warning remaining workers they must be willing to work “long hours at high intensity”.
A spokesperson for Kellogg’s said earlier this month it was halting its ads as it wanted to “monitor this new direction and evaluate our marketing spend”.
- CEOs say prices are fallingBusiness Mar 18 - 7,158 views
- February home sales spike Business Mar 18 - 10,176 views
- AI and March MadnessBusiness Mar 18 - 6,849 views
- Uber pays $178 million Australia Mar 17 - 13,416 views
- Apple to pay $490 millionBusiness Mar 15 - 4,197 views
- Housing starts jump 14% Business Mar 15 - 10,560 views
- Honda, Nissan collaborateJapan Mar 15 - 15,018 views
- Global McDonald's outages Business Mar 15 - 14,832 views
Elon Musk says Apple has ‘mostly stopped advertising on Twitter’
Apple not advertising: Musk
Photo: BANG Showbiz. All rights reserved.
More Business News
Featured Flyer
Okanagan Companies
Cantex | 0.23 | 0.01 |
Metalex Ventures | 0.015 | 0 |
Russel Metals | 44.47 | -0.41 |
QuestEx Gold & Copper | 0.97 | 0 |
Mission Ready Services | 0.035 | 0 |
Decisive Dividend Corp | 11.02 | -0.12 |
Diamcor Mining | 0.055 | 0 |
Valens Groworks | 1.01 | -0.01 |
GGX Gold Corp | 0.045 | 0 |
Cryptocurrencies
Bitcoin | 86012.5 | -5.90% |
Ethereum | 4400 | -7.55% |
Dash | 43.22 | -9.77% |
Litecoin | 106.02 | -9.53% |
Ripple | 0.7871 | -9.95% |
EOS | 1.214 | -8.79% |
Dogecoin | 0.173 | -10.80% |
Cardano | 0.8173 | -8.41% |
Data from CryptoCompare
RECENT STORIES
- Be on lookout for ticksSponsored Content - 12:01 am
- City cash closes in on $1BKelowna - 8:30 pm
- Apartment proposal pausedKelowna - 8:00 pm
- Poll: Carbon tax refundsPoll - 7:30 pm
- Calling for transparencyKelowna - 7:00 pm
Real Estate
© 2024 Castanet.net