Elon Musk, the Chief Executive Officer of Tesla and SpaceX, and the proprietor of X (formerly Twitter), has expressed significant concerns regarding the ongoing advertiser boycott, expressing that it could potentially have severe consequences for the company.
During an interview with Andrew Ross Sorkin at the New York Times Dealbook Summit, Musk emphasized the potential negative impact of the advertising boycott, stating that it could greatly harm the company. He also mentioned that the actions of those advertisers involved in the boycott would be widely recognized as contributing to the company's downfall.
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During the event, which included distinguished speakers such as Vice President Kamala Harris, FTC chair Lina Khan, Disney CEO Bob Iger, and PGA commissioner Jay Monahan, Musk addressed Iger's justification for pulling advertisements from the platform.
In a candid response, Musk expressed his strong stance, saying: “Don’t advertise. If anyone tries to manipulate me with advertising or money, ignore it. Ignore it completely. Hey Bob, if you're in the audience, that is. "My stance - no advertising."
Upon reflecting on the controversial post that led to the advertiser exodus, Musk acknowledged that he should have handled that particular post in a different manner and provided further explanation of my intentions. In essence, I inadvertently provided ammunition to those who hold negative feelings towards me. It was a regrettable statement that I made on the platform.
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In the presence of X's CEO Linda Yaccarino, Musk respectfully acknowledged the potential consequences of his words while maintaining an honest and straightforward approach.
Additionally, Musk openly embraced his contentious online persona, acknowledging the vulnerability that comes with seeking approval. He has no reservations about being disliked and welcomes any disapproval that may arise.
Elon Musk said that the brands that pulled advertising from X after he endorsed an antisemitic conspiracy theory were trying to “blackmail” him. If X collapsed, he said at the DealBook Summit on Wednesday, the public would blame the brands rather than him.https://t.co/gq4goCvhyX pic.twitter.com/DOhBrOiWHI— The New York Times (@nytimes) November 30, 2023
When asked about his character and trustworthiness, Musk confidently stated, "I believe I am, but I prefer not to engage in dramatic gestures to demonstrate it." The interview showcased Musk's unwavering approach and his willingness to accept the implications of his statements.
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