• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Americans now view this figure as the benchmark for being wealthy

July 11, 2025

10 AI-Proof Jobs With Highest Pay, Fastest Growth

July 11, 2025

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

July 11, 2025
Facebook Twitter Instagram
Trending
  • Americans now view this figure as the benchmark for being wealthy
  • 10 AI-Proof Jobs With Highest Pay, Fastest Growth
  • Photos: Allen & Co. Sun Valley Billionaire Summer Camp
  • Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett
  • Using Legal Authority Over An Aging Parent
  • Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances
  • Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here
  • This Former NFL Player Built a Brand Around Nasal Breathing
Friday, July 11
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » X may lose up to $75 million by year-end on advertiser exodus – NYT
Investing

X may lose up to $75 million by year-end on advertiser exodus – NYT

News RoomBy News RoomNovember 25, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters. FILE PHOTO: ‘X’ logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo

(Reuters) – Elon Musk-owned social media company X 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, the New York Times reported on Friday.

Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney (NYSE:) and Warner Bros Discovery (NASDAQ:) to pause their advertisements on the site formerly called Twitter.

X has struck back and sued media watchdog group Media Matters, alleging the organization defamed the platform with a report that said ads for major brands including Apple (NASDAQ:) and Oracle (NYSE:) had appeared next to posts touting Adolf Hitler and the Nazi party.

Internal documents viewed by The New York Times this week list more than 200 ad units of companies from the likes of Airbnb, Amazon (NASDAQ:), Coca-Cola (NYSE:) and Microsoft (NASDAQ:), many of which have halted or are considering pausing their ads on the social network, the report said.

X said on Friday $11 million in revenue was at risk and the exact figure fluctuated as some advertisers returned to the platform and others increased spending, according to the report.

The company did not immediately respond to a Reuters request for comment.

Advertisers have fled X since Musk bought it in October 2022 and reduced content moderation, resulting in a sharp rise in hate speech on the site, according to civil rights groups.

The platform’s U.S. ad revenue has declined at least 55% year-over-year each month since Musk’s takeover, Reuters previously reported.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Americans now view this figure as the benchmark for being wealthy

Personal Finance July 11, 2025

10 AI-Proof Jobs With Highest Pay, Fastest Growth

Make Money July 11, 2025

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

Investing July 11, 2025

Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett

Make Money July 11, 2025

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

Burrow July 11, 2025

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

Make Money July 11, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

10 AI-Proof Jobs With Highest Pay, Fastest Growth

July 11, 20250 Views

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

July 11, 20250 Views

Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett

July 11, 20250 Views

Using Legal Authority Over An Aging Parent

July 11, 20250 Views
Don't Miss

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

By News RoomJuly 11, 2025

Ford Motor Co. / Money Talks NewsFord is recalling the vehicles because the fuel pump…

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

July 11, 2025

This Former NFL Player Built a Brand Around Nasal Breathing

July 10, 2025

What My First Failed Startup Taught Me — and How I Finally Got It Right 20 Years Later

July 10, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.