Big-name brands have ended their advertising boycott against Elon Musk’s X after approximately a year of refusing to support the platform.
Comcast, Discovery, Disney, IBM, Lionsgate Entertainment, and Warner Bros. have resumed their ad spending on X, with Musk thanking CEO Linda Yaccarino for her work on bringing the companies back onto his platform.
“Just want to say that we super appreciate major brands resuming advertising on our platform!” Musk wrote. “Thanks [Linda Yaccarino] and the whole X team for your hard work in restoring confidence in our platform and ensuring that advertising content only appears where advertisers want it shown.”
In November 2023, the brands mentioned above (along with Apple) dialed back their ad campaigns after claims their branding appeared next to “anti-Semetic content” and “hate speech,” AdWeek reported.
‘The censorship apparatus is coming to an end.’
Without the major companies, brands like Karma Shopping and Canles Shoes became the top ad-buyers on X. Overall, ad revenue dropped by a reported 98% year over year, but Musk remained principled in his cause.
“I’ll say what I want to say, and if the consequence of that is losing money, so be it,” Musk told CNBC at the time.
Political commentator Ian Miles Cheong called the boycott a failed effort “the moment Donald Trump won the election.”
“The censorship apparatus is coming to an end, and the advertisers know it. Beyond that, advertisers can undoubtedly see the strength of X, and depriving themselves of profits for the sake of sticking it to Elon clearly doesn’t work,” Cheong added.
A warm welcome back! Very grateful to the hardest working team across the globe @X and especially for @elonmusk support always. https://t.co/t01y4weZxa
— Linda Yaccarino (@lindayaX) November 15, 2024
The new report comes after claims in September that there would be a mass exodus of advertisers from the platform over concerns of “extreme content” that could damage brand images.
However, that was after X announced a lawsuit against major advertisers in August, following a House Judiciary Committee report that pointed to an illegal boycott against the company.
The World Federation of Advertisers, which represents some of the world’s largest companies and advertisers, was accused of directly organizing boycotts and targeting disfavored platforms, content creators, and news organizations in an effort to demonetize them.
BlazeTV host James Poulos said the smoke surrounding the advertising conflict was cleared once the nature of the report was revealed.
“Rather than mild-mannered normies afraid of controversial content on X, advertisers operate as a cartel of far-left propagandists, reaping profits from taxpayers on government contracts while conspiring to silence free speech at odds with their radical ideologies.”
Concurrently, many left-wing celebrities are announcing plans to leave X. This includes MSNBC’s Joy Reid, who said she doesn’t want to support the platform, and ex-CNN host Don Lemon, who claimed he disagrees with the new terms of service.
