Elon Musk, owner of the social media platform X (formerly Twitter), addressed advertisers at the 2023 DealBook Summit, dismissing concerns about his promotion of antisemitic content on the platform. Musk defiantly stated, “If somebody’s going to try to blackmail me with advertising? Blackmail me with money? Go f— yourself.”
The controversial posts led major advertisers, including Disney and Apple, to suspend campaigns on X, with estimates suggesting up to a $75 million setback for the company. Musk apologized for his posts but blamed advertisers for attempting to “blackmail” him.
This situation makes it essential for marketers to carefully think about the complexities of brand association and ethics on social media platforms. How would you navigate through platform controversies when your brand is looking to grow?
