linda yaccarino

X’s globe-trotting defense of ads on Nazi posts violates TOS, Media Matters says

ad boycott, content moderation, elon musk, hate speech, linda yaccarino, media matters, online advertising, Policy, Social Media, Twitter, X, x ad boycott / Mike M. / March 12, 2025

Part of the problem appeared to be decreased spending from big brands that did return, like reportedly Apple. Other dips were linked to X’s decision to partner with adtech companies, splitting ad revenue with Magnite, Google, and PubMatic, Business Insider reported. The CEO of marketing consultancy Ebiquity, Ruben Schreurs, told Business Insider that most of the top 100 global advertisers he works with were still hesitant to invest in X, confirming “no signs of a mass return.”

For X, the ad boycott has tanked revenue for years, even putting X on the brink of bankruptcy, Musk claimed. The billionaire paid $44 billion for the platform, and at the end of 2024, Fidelity estimated that X was worth just $9.4 billion, CNN reported.

But at the start of 2025, analysts predicted that advertisers may return to X to garner political favor with Musk, who remains a senior advisor in the Trump administration. Perhaps more importantly in the short-term, sources also told Bloomberg that X could potentially raise as much as Musk paid—$44 billion—from investors willing to help X pay down its debt to support new payments and video products.

That could put a Band-Aid on X’s financial wounds as Yaccarino attempts to persuade major brands that X isn’t toxic (while X sues some of them) and Musk tries to turn the social media platform once known as Twitter into an “everything app” as ubiquitous in the US as WeChat in China.

MMFA alleges that its research, which shows how toxic X is today, has been stifled by Musk’s suits, but other groups have filled the gap. The Center for Countering Digital Hate has resumed its reporting since defeating X’s lawsuit last March, and, most recently, University of California, Berkeley, researchers conducted a February analysis showing that “hate speech on the social media platform X rose about 50 percent” in the eight months after Musk’s 2022 purchase, which suggests that advertisers had potentially good reason to be spooked by changes at X and that those changes continue to keep them at bay today.

“Musk has continually tried to blame others for this loss in revenue since his takeover,” MMFA’s complaint said, alleging that all three suits were filed to intimidate MMFA “for having dared to publish an article Musk did not like.”

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X CEO signals ad boycott is over. External data paints a different picture.

When X CEO Linda Yaccarino took the stage as a keynote speaker at CES 2025, she revealed that “90 percent of the advertisers” who boycotted X over brand safety concerns since Elon Musk’s 2022 Twitter acquisition “are back on X.”

Yaccarino did not go into any further detail to back up the data point, and X did not immediately respond to Ars’ request to comment.

But Yaccarino’s statistic seemed to bolster claims that X had made since Donald Trump’s re-election that advertisers were flocking back to the platform, with some outlets reporting that brands hoped to win Musk’s favor in light of his perceived influence over Trump by increasing spending on X.

However, it remains hard to gauge how impactful this seemingly significant number of advertisers returning will be in terms of spiking X’s value, which fell by as much as 72 percent after Musk’s Twitter takeover. And X’s internal data doesn’t seem to completely sync up with data from marketing intelligence firm Sensor Tower, suggesting that more context may be needed to understand if X’s financial woes may potentially be easing up in 2025.

Before the presidential election, Sensor Tower previously told Ars that “72 out of the top 100 spending US advertisers” on Twitter/X from October 2022 had “ceased spending on the platform as of September 2024.” This was up from 50 advertisers who had stopped spending on Twitter/X in October 2023, about a year after Musk’s acquisition, suggesting that the boycott had seemingly only gotten worse.

Shortly after the election, AdWeek reported that big brands, including Comcast, IBM, Disney, Warner Bros. Discovery, and Lionsgate Entertainment, had resumed advertising on X. But by the end of 2024, Sensor Tower told Ars that X still had seemingly not succeeded in wooing back many of pre-acquisition Twitter’s top spenders, making Yaccarino’s claim that “90 percent of advertisers are back on X” somewhat harder to understand.