00:00 It's Benzinga and here's what's on the block.
00:02 Elon Musk lashed out at Media Matters and unspecified large advertisers after several
00:06 major brands paused ad spending on X, formerly Twitter.
00:10 Musk threatened a thermonuclear lawsuit against Media Matters and its donors after the Media
00:14 Watchdog Group published a report showing mainstream brand ads running alongside user
00:18 posts espousing pro-Nazi views on X.
00:21 This came after Musk personally posted tweets that promoted anti-Semitic and racist hate.
00:26 In response, major advertisers including Apple, Comcast, Disney, IBM, Lionsgate, Paramount,
00:31 and Warner Bros. Discovery paused their Twitter ad spending.
00:34 A Twitter spokesperson said Media Matters misrepresented the user experience by following
00:38 sensitive accounts to curate harmful posts and mislead investors.
00:42 For all things money, visit Benzinga.com.
00:44 [BLANK_AUDIO]
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