Elon Musk continues to face backlash as advertisers abandon Truth Social. His recent confrontation with Paris Hilton demonstrates his willingness to make enemies. While Hilton aims to bring joy to kitchens, Musk follows a different approach. As brands continue to distance themselves, the future of Truth Social is uncertain.
Hedge fund manager Bill Ackman defends Elon Musk and criticizes unfair treatment of X by advertisers. Ackman argues that Musk’s recent interview was successful and rejects allegations of antisemitism. He highlights inconsistency in how X is treated compared to other platforms with similar content and calls for fairness. Ackman mentions the potential impact on X’s ad revenue due to advertiser withdrawals. He cites statistics showcasing a significant increase in antisemitic content on X and acknowledges Musk’s lawsuit against the Center for Countering Digital Hate for deterring advertisers. Ackman suggests that Americans be grateful for Musk’s ownership of X.
Instagram, owned by Meta, is facing backlash for its algorithm that serves inappropriate content, including child-sexualizing reels, to followers of teen influencers. The Wall Street Journal revealed that the platform has been showing risqué and sexual adult videos to accounts associated with young gymnasts and cheerleaders. The experiment also found that the inappropriate content was accompanied by ads from prominent brands. Meta’s response to the issue has raised concerns among advertisers who are now more cautious about the placement of their ads. Current and former Meta employees have acknowledged the internal knowledge of the issue, and suggested that revamping the algorithm is necessary. However, internal documents suggest that Meta prioritizes traffic performance, making it challenging for the safety team to implement significant changes.