Robert Gauthier/Los Angeles Times via Getty Images; Jim Vondruska/Getty Images
- X could reportedly lose up to $75 million in missed ad revenue by the end of the year.
- The exodus of advertisers comes as Elon Musk spread antisemitic messages and misinformation.
- One group, however, continues to spend on X promotions: political campaigns.
Advertisers have left Elon Musk's social media platform in droves since he officially took over Twitter in late 2022, changed its name to "X," and posted antisemitic and racist messages on numerous occasions.
X claims it's only set to lose around $11 million connected to the fallout, though a New York Times report notes the company could miss out on up to $75 million in ad revenue.