Tag Archives: social media

Bloomberg News reports: Elon Musk’s X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter. X generated a little more than $600 million in advertising revenue in each of the first three quarters of …

Reuters reports: A former executive at Twitter Inc, now called X Corp, has filed a lawsuit claiming he was fired after Elon Musk acquired the company for objecting to budget cuts that would prevent the company from complying with a U.S. government settlement over its security practices. Alan Rosa, who was Twitter’s global head of information security, filed the lawsuit …

Los Angeles’s ABC affiliate reports: An extreme sports athlete from Santa Barbara County was sentenced to six months in federal prison on Monday for intentionally crashing a small plane for a YouTube stunt and then destroying the wreckage. In November 2021, authorities say Trevor Jacob, 30, took off from the Lompoc City Airport in his single-engine Taylorcraft BL-65 on a …

CBS News reports: Elon Musk’s social media platform X has fueled far-right disinformation in Ireland and played a key role in riots last month in the country’s capital Dublin, experts tell CBS News. The violent clashes erupted on Nov. 23 between about 200 civilians and riot police in central Dublin as demonstrators vented rage after a stabbing incident that left …

Reuters reports: Walmart said on Friday it is not advertising on social media platform X, one of the latest brands to say it has dropped the Elon Musk-owned site. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said. The platform has struggled to retain advertisers since Musk acquired the company …

The New York Times reports: Advertisers said on Thursday that they did not plan to reopen their wallets anytime soon with X, the social media company formerly known as Twitter, after its owner, Elon Musk, insulted brands using an expletive and told them not to spend on the platform. At least half a dozen marketing agencies said the brands they …

Reuters reports: A U.S. judge late on Thursday blocked Montana’s first-of-its kind state ban on the use of short-video sharing app TikTok from taking effect on Jan. 1, saying it violated the free speech rights of users. U.S. District Judge Donald Molloy issued a preliminary injunction to block the ban on the Chinese-owned app, saying the state ban “violates the …

Deadline reports: Elon Musk made plain his view of the widespread advertiser withdrawal this month from X, formerly Twitter. “Don’t advertise,” he advised any marketer with misgivings. “Somebody’s going to try to blackmail me with advertising?! Blackmail me with money? Go f–k yourself. Go. F–k. Yourself. Is that clear? I hope it is.” The remarks came at the beginning of …

The Hill reports: The judge presiding over tech billionaire Elon Musk’s lawsuit against Media Matters for America has recused himself from the case, according to court documents. In a notice filed with the court on Tuesday, Judge Mark Pittman of the U.S. District Court in Northern Texas wrote that he was recusing himself from the case and requested the clerk …

The New York Times reports: Meta has received more than 1.1 million reports of users under the age of 13 on its Instagram platform since early 2019 yet it “disabled only a fraction” of those accounts, according to a newly unsealed legal complaint against the company brought by the attorneys general of 33 states. Instead, the social media giant “routinely …

The New York Times reports: X, the social media company formerly known as Twitter, could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns after its owner, Elon Musk, endorsed an antisemitic conspiracy theory this month. Internal documents viewed by The New York Times this …

CNN reports: Ben Brody says his life was going fine. He had just finished college, stayed out of trouble, and was prepping for law school. Then, seemingly out of nowhere, Elon Musk used his considerable social media clout to amplify an online mob’s misguided rants accusing the 22-year-old from California of being an undercover agent in a neo-Nazi group. The …

Bloomberg News reports: The company behind former President Donald Trump’s Truth Social wants $1.5 billion in damages from news organizations which reported that the platform had lost $73 million. Lawyers for Trump Media & Technology Group Corp. said in a lawsuit filed Monday in state court in Sarasota County, Florida, that the number was “an utter fabrication” and accused 20 …

Reuters reports: Messaging platform X on Monday sued media watchdog group Media Matters, alleging the organization defamed the platform after it published a report that said ads for major brands had appeared next to posts touting Nazism. X, formerly Twitter, has faced growing outrage since Media Matters published the report on Thursday, which led IBM, Comcast and several other advertisers …

The Hill reports: The White House on Monday started accounts on Threads, the social media platform launched by Meta. The administration announced the creation of accounts for President Biden, first lady Jill Biden, Vice President Harris and second gentleman Doug Emhoff, as well as accounts for the White House and a Spanish version, La Casa Blanca. The White House account …

Forbes reports: X CEO Linda Yaccarino, the longtime NBC advertising executive tapped to bring back revenue and credibility to the company from big advertisers, is facing her own credibility crisis as advertisers halt spending over Elon Musk’s endorsement of antisemitic abuse on the social media platform. Forbes has confirmed that Yaccarino has been contacted by a groundswell of leading advertising …

The Guardian reports: Elon Musk has said he will be filing a “thermonuclear lawsuit” against Media Matters and others, after major US companies paused their adverts on his social media site over concerns about antisemitism. The media watchdog Media Matters said earlier this week that it found corporate advertisements by IBM, Apple, Oracle and Comcast’s Xfinity were being placed alongside …

Reuters reports: IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white …

“Anti-Semitism was always bubbling underneath the surface, but now we’re seeing this massive exaggeration of it, but no one is talking about why. The truth is, if you look at social media, the misinformation and the dramatic sides of social media are instigating this. Why? Because it’s being pushed by Russia, China, Iran, and North Korea. “It is why when …

Reuters reports: Social media researchers have canceled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk that limit access to the social media platform, nearly a dozen interviews and a survey of planned projects show. Musk’s restrictions on critical methods of gathering data on the global platform have suppressed …