Elon Musk, one of the biggest names in the global business scene, has criticized the Anti-Defamation League (ADL), accusing it of losing “half the value” of X.
The drama began when Musk announced his intention to file a defamation lawsuit against ADL.
In another tweet, Musk blamed ADL for losing X to $22 billion.
As noted earlier, 37 of the top 100 advertisers declined to invest in X in the first quarter of 2023, and another 24 cut their ad spend on the platform by approximately 80%. Advertisers explained this as a need to examine X’s content moderation policies under Musk’s leadership.
Today, Elon Musk explained these unusual steps, calling ADL the main catalyst for the advertising boycott of X, which led to significant losses for the platform. The Tesla CEO believes ADL is responsible for X’s losses ranging from $4 billion to $22 billion.
In describing ADL’s alleged practices, Musk argued that advertisers are trying to avoid scandals, especially after ADL’s harsh statements.
In typical style, Musk shared an NPR documentary that highlights the ways in which he believes the ADL is trying to leverage its authority.
The reaction to all these statements was expectedly negative.
This is not the first time Elon Musk has faced criticism from Jewish public organizations. His decision to unblock Ye (Kanye West)’s account on X has raised many questions, as West is known for his anti-Semitic views and statements.