Business | Mad man v mad men

Elon Musk’s X is especially vulnerable to an ad boycott

The perils of telling advertisers to clear off

Elon Musk is interviewed at the 2023 New York Times DealBook Summit.
Photograph: Haiyun Jiang/The New York Times/Redux/eyevine

For someone who despises the advertising industry, Elon Musk has a way with viral slogans. At a New York Times event on November 29th the world’s richest man was asked how he felt about firms pulling ads from X, the social network he bought last year when it was known as Twitter. “If somebody’s going to try to blackmail me,” he replied, “go fuck yourself.” The “GFY” approach, as he dubbed it, may come naturally to billionaires. But it is bold for a company that last year made 90% or so of its revenue from ads. Those that have pulled ads from X include Apple and Disney, whose presence Mr Musk previously cited as evidence that X was a safe space for brands.

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This article appeared in the Business section of the print edition under the headline “Mad man v mad men”

From the December 9th 2023 edition

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