Elon Musk Receives Crypto Community Support Amid Advertiser Exodus and Legal Challenges on X

Elon Musk Receives Crypto Community Support Amid Advertiser Exodus and Legal Challenges on X



Despite facing criticism and losing advertisers on his social platform following a comment perceived as anti-Semitic, Elon Musk, owner of X (formerly known as Twitter) and the world's richest person, has received support from cryptocurrency professionals. Tamara Haasen, leader of InputOutput, the company behind Cardano (ADA), praised Musk as an effective leader and strategic thinker. This support came after Musk announced X's plan to file a "thermonuclear lawsuit" against Media Matters, a liberal advocacy group accusing X of not adequately addressing misinformation, especially regarding the Israel-Hamas conflict.



Media Matters also reported that X was displaying ads next to white supremacist content. Musk's comment has led to an advertiser exodus, with major companies like Apple, Lionsgate, Disney, and IBM suspending their


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ElonMusk, #News, #X

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