X, which was previously known as Twitter, could reportedly lose as much as US$75 million in advertising revenue by the end of 2023, according to The New York Times. At least a dozen major brands, including IBM, Apple and Disney, have reportedly paused advertising on X, following a report published by media watchdog group Media Matters. The report said that ads for major brands had appeared next to pro-Nazi content. In response, X sued Media Matters for defamation, claiming that the watchdog group manipulated the social media platform by following major brands or users known to produce fringe content, and...