X will lose $75 million in revenue by year's end due to loss of advertisers
According to The New York Times, due to dozens of major brands suspending their advertising, Musk's X platform may lose up to $75 million (approximately RMB 536 million) in advertising revenue by the end of this year. Musk's previous anti-Semitic remarks have led to many companies, including Walt Disney and Warner Bros., suspending their advertising on X. According to multiple news media reports, Apple has also withdrawn its advertising spending on X.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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