IBM, EU and Lionsgate pull ads from Elon Musk's X as concerns about antisemitism fuel backlash

abcnews.go.com:

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own tweets endorsing an antisemitic conspiracy theory

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon Musk inflaming tensions with his own tweets endorsing an antisemitic conspiracy theory.

IBM said this week that it stopped advertising on X after a report said its ads were appearing alongside material praising Nazis — a fresh setback as the platform formerly known as Twitter tries to win back big brands and their ad dollars, X's main source of revenue.

The liberal advocacy group Media Matters said in a report Thursday that ads from Apple, Oracle, NBCUniversal's Bravo network and Comcast also were placed next to antisemitic material on X.

“IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation," the company said in a statement.

Apple, Oracle, NBCUniversal and Comcast didn't respond immediately to requests seeking comment on their next steps.

The European Union's executive branch said separately Friday that it's pausing its advertising on X and other social media platforms, in part because of a surge in hate speech. A spokesperson for Lionsgate confirmed Friday afternoon that the entertainment company has also suspended advertising on X.

Musk sparked outcry this week with his own tweets responding to a user who accused Jews of hating white people and professing indifference to antisemitism.