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Jack Davis


NextImg:Winning Bigly: Major Companies Reportedly Back to Advertising on X Following Trump's Election Victory

Some of the top advertisers who fled X a year ago are returning, according to a new report that said the trend could continue after President-elect Trump’s victory last week.

Comcast, IBM, Disney, Warner Bros. Discovery, and Lionsgate Entertainment, all of which bolted X a year ago in a dither over the content of the social media platform, have returned, according to AdWeek.

However, as an illustration that their return is a work in progress, the firm MediaRadar found that from January through September, these companies spent around $3.3 million combined with X.

That amounts to a 98 percent drop from what they spent in the same months of 2023.

Trump’s election, however, might alter that dynamic.

“X’s owner now has the ear of the president-elect, a man who has a long history of helping his friends, and punishing his enemies,” said Max Willens, a senior analyst at Emarketer, referring to Elon Musk.

“Sending at least a trickle of ad spending toward X may be seen as good for business, albeit in an indirect way,” he said.

On the day after election X hit a record with 46.5 million visits, the highest traffic in the past year.

“The advertisers that have returned to X this year are clearly interested in reaching that audience,” Willens said.

Karma Shopping, Canles Shoes, and Kueez Entertainment are X’s current top advertisers, according to MediaRadar.

“This suggests that X might move to a long-tail advertiser strategy, ” said Meghan Fraze, chief product officer, of MediaRadar.

“This would benefit new brands that are looking for ways to connect with audiences without the intense competition. As X evolves, it could be forging an ad model that’s less dependent on the usual suspects,” Fraze said.

The advertiser boycott drew a combative reaction from Musk, who in 2023 told publicly told advertisers who fled x to “go f— yourselves,” according to the Verge.

Lou Paskalis, chief executive of marketing consultancy AJL Advisory, said advertising on X could be a form of “political leverage” as companies that want federal business might seek to show they are in the “good graces of Elon,” according to the Financial Times.

Related:
Behind-the-Scenes Footage Shows How Famous Trump-Musk Election Night Photo Came About

Trump’s victory gives his ally Musk what one ad agency official said was a new legitimacy.

Musk had said he expected a Trump win would bring advertisers back.

“Some of the boycott is starting to lift,” he told podcaster Joe Rogan, adding, “If Trump wins, we’ll see . . . most of the boycott lift.”

A report on Axios said X connects with users.

Through the election season, data from SimilarWeb indicated X had about “30 times more daily visits” than Threads, Bluesky or Truth Social.

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