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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Tech

Elon Musk says Apple has ‘fully resumed’ advertising on Twitter following meeting with Tim Cook

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Kurt Wagner
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December 4, 2022, 10:17 AM ET
Elon Musk
Elon Musk is patching things up with Apple.STR/NurPhoto via Getty Images
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Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further de-escalating a brewing war between two of the world’s most influential tech companies. 

Musk made the comments during a Twitter Spaces conversation on Saturday, adding that Apple is the largest advertiser on the social media network. The billionaire, who didn’t elaborate further on Apple, spoke for more than two hours from his private plane during the chat, which had more than 90,000 listeners. 

Amazon.com Inc. is also planning to resume advertising on Twitter, Platformer News reported in a tweet, without saying where it got the information. 

Apple and Amazon didn’t immediately respond to requests for comment, both sent outside normal working hours. 

Amazon is also planning to resume advertising on Twitter at about $100m a year pending some security tweaks to the company’s ads platform, per a source familiar with the situation. https://t.co/VWQJX4HZEp

— Zoë Schiffer (@ZoeSchiffer) December 4, 2022

Musk tries patching things up with Apple, other advertisers

Musk blasted Apple last week, saying the maker of iPhones and Mac computers had mostly stopped advertising on Twitter and had threatened to withhold the site from its App Store. In taking aim at Apple, Musk risked a war with the world’s most valuable company and a top advertiser at a time when other companies were pulling their advertising from Twitter.

Musk subsequently met with Apple Chief Executive Officer Tim Cook and said the two had a “good conversation” and “resolved the misunderstanding about Twitter potentially being removed from the App Store.” Musk said Cook was “clear that Apple never considered doing so.”

Just a note to thank advertisers for returning to Twitter

— Elon Musk (@elonmusk) December 4, 2022

Since Musk’s takeover, a string of companies have suspended advertising on Twitter, including General Mills Inc. and Pfizer Inc. On Saturday, Musk posted a tweet thanking advertisers for returning to Twitter.

Twitter’s new approach for verifying accounts had also allowed trolls to impersonate major brands. Musk said that he hopes to revive the company’s verification program in the next week after it had been paused to deal with imposers.

—With assistance from Mark Gurman

Our new weekly Impact Report newsletter will examine how ESG news and trends are shaping the roles and responsibilities of today's executives—and how they can best navigate those challenges. Subscribe here.
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