Seeking favor with Musk and Trump, advertisers plot return to X
13 November 2024 at 15:15
Elon Muskβs support for Donald Trump is set to boost Xβs flagging business, with some marketers poised for a return to the social media platform in order to seek favor with the incoming administration.
Media executives told the Financial Times that some brands were preparing to advertise on X once again, as its billionaire owner was likely to gain an influential role within a second Trump White House.
The platformβs revenues have fallen dramatically since Muskβs $44 billion acquisition two years ago, with some investor estimates suggesting its current valuation is less than $10 billion.