X
BusinessYahoo FinanceCEO Linda Yaccarino commits to staying at X even after advertisers flee
Yaccarino told employees that "data will tell the real story" about the embattled social media platform's efforts to curb antisemitism.
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Elon Musk needs a babysitter: Tesla investor
Companies like IBM (IBM) and Lionsgate (LGF-A, LGF-B) are suspending their advertising on X, formerly Twitter, due to concerns about their ads appearing next to anti-Semitic content. It comes as X Owner and Tesla CEO Elon Musk endorsed an anti-Semitic post on the app. It prompted longtime Tesla (TSLA) bull Ross Gerber to say he will be swapping his Tesla for a Rivian. Kevin Paffrath, a financial advisor, Tesla investor, and the YouTuber behind "Meet Kevin," tells Yahoo Finance that "at this point, you can't really hurt the brand anymore than Elon has already done over the last year, so as a shareholder, I'm not concerned." Paffrath argues that Tesla's stock movement is based more on interest rate movement. Paffrath does say, however, that Musk "needs a babysitter and he actually needs to listen to that babysitter. Unfortunately, he acts like that little brother that's a genius but just doesn't listen to good advice." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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IBM suspends advertising on X
International Business Machines (IBM) has decided to suspend advertising on X (formerly Twitter.com) after an independent watchdog organization alerted IBM to anti-semitic posts that were next to an advertisement on the social media platform. X CEO Linda Yaccarino nor Elon Musk have yet to comment on the specific situation with IBM. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.