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Elon Musk, the billionaire owner of the social media platform X, has recently threatened legal action against the Anti-Defamation League (ADL) over allegations of antisemitism.
Musk claims that the ADL has falsely accused both him and the X platform of being antisemitic, which has led to a significant decline in advertising revenue.
In a series of posts on social media, Musk expressed his frustration with the ADL and stated that the company’s ad revenue in the United States has dropped by 60% due to pressure from the campaign group.
He believes that the accusations made by the ADL have caused controversy and made advertisers hesitant to work with X.
To clear the platform’s name and address the issue of antisemitism, Musk announced his intention to file a defamation lawsuit against the Anti-Defamation League.
He highlighted the irony of the situation, as the ADL, a group dedicated to combating defamation, is now facing legal action from X.
Musk claimed that the ADL’s actions have resulted in a loss of approximately $22 billion, halving the value of the company.
Advertisers generally try to avoid controversy, and the ADL’s accusations have created a challenging situation for X. By taking legal action, Musk hopes to restore the platform’s reputation and regain lost advertising revenue.
This article was updated 4 weeks ago