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Elon Musk to X/Twitter Advertisers Who Have Pulled Spending: ‘Go F— Yourself’

Quote:

A visibly irate Elon Musk said advertisers who pulled spending from X/Twitter, following his post that endorsed an antisemitic conspiracy theory, were trying to “blackmail” the company and threatened to drive it into bankruptcy.

Musk, currently the world’s wealthiest individual, had a message to big advertisers including Disney that halted spending on his social network: “Go fuck yourself… Go. Fuck. Yourself. Is that clear?” he said Wednesday at the New York Times’ DealBook Summit. He lambasted advertisers who were making themselves appear as if they were acting virtuously while being “evil.”

Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value

Quote:

Fidelity's latest valuation of its stake in X implies that Elon Musk's social network is worth about 71.5 percent less than when Musk bought the company in October 2022.

Fidelity's Blue Chip Growth Fund has a relatively small stake in X. A monthly update for the fund listed the value of its "X Holdings Corp." stake at $5.6 million as of November 30, 2023. The fund's share of X was originally worth $19.7 million but lost about two-thirds of its value by April 2023 and has dropped more modestly since then.