Elon Musk said Monday that X, formerly known as Twitter, has “no choice” but to file a defamation lawsuit against the Anti-Defamation League amid an ongoing slump in advertising revenue.
Musk said the tech giant’s advertising revenue was down 60% in the U.S. following his acquisition of the company last year for $44 billion. His tenure has been rocky, to say the least: X has laid off thousands of staffers and Musk has enacted dramatic changes to limit features, paywall others and promote the site as a new bastion for free speech. That included an amnesty program for suspended accounts that prompted groups — including the ADL — to warn the changes would lead to an increase in harassment and hate speech.
But Musk said he blamed the fall in ad dollars on the ADL ― which works to combat hate against Jewish people ― saying the group had falsely accused X and Musk of being antisemitic.
