Billionaire tech mogul Elon Musk has made his opinion on the Walt Disney Company crystal clear. Musk recently made headlines when he acquired the social media company Twitter at a steep price point of $44 billion. Since then, Musk has called out Disney and Apple, two of Twitter’s biggest advertisers.
Disney’s Message From Elon Musk
Elon Musk is one of the most powerful people in the world. Musk is a businessman, investor, and visionary who is worth an estimated $196 billion. He is incredibly accomplished in his field, and holds positions including founder, CEO, and chief engineer of SpaceX, the CEO and product architect of Tesla, and the founder of The Boring Company. According to Forbes’s real-time billionaires list, Musk is the second-wealthiest person in the world.
Musk is known for his involvement in many incredibly lucrative endeavors. This is why some of the public was confused when he purchased Twitter four months ago. Twitter is not incredibly lucrative these days, despite the steel price point Musk paid for it. The Twitter financial situation has gotten worse for Musk, whose personality is very polarizing to the public. Since buying the company, Twitter’s advertising revenue has been basically cut in half.
The Walt Disney Company has continued to buy advertisements on the platform. Musk called out Disney and Apple to thank them for their continued support as the two biggest remaining marketers on the app. He expressed his gratitude for the Walt Disney Co on Tuesday, March 8, at the 2023 Morgan Stanley Technology Media and Telecom Conference in San Francisco. At the conference, he explained that companies like Disney are going to help make Twitter lucrative once again and keep free speech alive.
At the conference, Musk explained, “There have been a few bumps in the road, but this is to be expected… Now we have the opportunity to grow [Twitter] into something spectacular. I don’t want to jinx it or anything, but I think we have a shot at being cash flow positive in the second quarter.”
It is yet to be determined if Disney will appreciate being called out. Elon Musk is incredibly controversial, and to be associated as his supporter is not a great look for the company. Since acquiring Twitter, Musk has received backlash for his leadership methods as well as his changes to the application. Only time will tell the future of Elon Musk’s relationship with the Walt Disney Company.