Elon Musk Calls for Disney CEO’s Firing Over Ad Placement on Social Platform Linked to Child Exploitation
In a surprising turn of events, Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has once again targeted Disney CEO Bob Iger, demanding his immediate resignation. Musk claims that Walt Disney himself would be appalled by Iger’s actions as CEO.
Musk’s latest attack on Iger comes in the wake of a civil lawsuit filed by New Mexico’s Attorney General against Meta Platforms and its CEO Mark Zuckerberg. The lawsuit alleges that Meta’s social media platforms are facilitating child exploitation and solicitation, casting a dark shadow over the company.
It is worth noting that Disney pulled its advertising from Musk’s own social media platform, X, last month. However, the entertainment giant continues to advertise on Meta, a move that has roused Musk’s anger. He accuses Iger of endorsing child exploitation material by continuing to advertise on the platform.
Iger previously defended Disney’s decision to suspend advertising on X, citing Musk’s endorsement of an antisemitic post on the platform. However, Musk has not taken this explanation lightly and has criticized other companies such as Coca Cola and Apple for following suit.
Musk believes that the exodus of advertisers will inevitably lead to the demise of his platform. Industry experts estimate that X stands to lose a staggering $75 million as a result of these advertiser boycotts. This loss could have serious consequences for the platform’s financial stability.
To survive this crisis, X will have to find ways to increase user engagement and create ad products that appeal to smaller advertisers. However, experts predict that this process could take one to two years to fully develop, putting X’s survival at risk.
Advertiser boycotts have become a significant threat to the survival of social media platforms in recent times. X will need to act swiftly and strategically to overcome these challenges if it hopes to weather the storm and come out stronger on the other side.
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