Elon Musk faces growing backlash over his endorsement of antisemitic X post

Elon Musk, the billionaire owner of X, faces a mounting backlash after he called an antisemitic post on the social platform this week "the actual truth," dismaying investors and prompting some companies to halt advertising on the platform.

Two advertisers, IBM and the European Commission, said they are pulling spending on X (formerly known as Twitter), citing reports of rising hate speech, including a report that some ads are appearing next to Nazi-related content. The White House also issued a statement, calling Musk's comment "unacceptable."

"We condemn this abhorrent promotion of antisemitic and racist hate in the strongest terms, which runs against our core values as Americans," a White House spokesman said on Friday.