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Reading: Elon Musk to file ‘thermonuclear lawsuit’ as advertisers desert X
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Magadh Today > Latest News > Business > Elon Musk to file ‘thermonuclear lawsuit’ as advertisers desert X
Business

Elon Musk to file ‘thermonuclear lawsuit’ as advertisers desert X

Gulshan Kumar
Last updated: 2023/11/19 at 11:33 AM
By Gulshan Kumar 2 years ago
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In the wake of a major backlash resulting from concerns over antisemitic content on his social media platform, Elon Musk declared his intention to file what he called a “thermonuclear lawsuit” against Media Matters and other entities. This move comes after prominent US companies, including IBM, Apple, Oracle, Warner Brothers, Paramount, and Disney, suspended their advertisements on X (formerly Twitter) following revelations by the media watchdog Media Matters.

Media Matters reported that corporate ads were being placed alongside antisemitic content, raising alarms about the platform’s content moderation. Musk, in response, vehemently denied the allegations, accusing Media Matters of misrepresentation and attempting to undermine freedom of speech.

“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,” Musk asserted in a post on X.

Despite the controversy, Musk affirmed his commitment to upholding free speech on the platform. He contended that true freedom of speech necessitates the ability to encounter content that some might find objectionable.

The White House joined the condemnation, labeling Musk’s tweet as an “abhorrent promotion of antisemitic and racist hate” and emphasized that such sentiments go against core American values.

Apple, one of X’s leading advertisers, had reportedly invested up to $100 million a year in advertising on the platform before the controversies unfolded. Since Musk’s acquisition in November 2022, X has witnessed a decline in advertisers and user numbers, coupled with the introduction of a paid premium system.

As the legal battle looms and advertisers distance themselves, the future of X remains uncertain, with the controversy posing significant challenges to Musk’s social media venture.

 

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