Hedge fund manager Bill Ackman has revealed that The Pershing Square Foundation is a small investor in X, with a stake worth $10 million.

Advertisers from Apple to Walt Disney have suspended or halted spending on X after its billionaire owner asserted Jewish people “hate” white people.

"Musk is not perfect, but the world is a vastly better place because of him," Ackman wrote of his fellow billionaire on X.

Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over antisemitic commentary. Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over antisemitic commentary.

X plans to cater to small and medium-sized businesses as big advertisers pull their dollars

The owner of X told companies who had pulled advertising to "(expletive) yourself" after his antisemitic post.

Elon Musk is keen to achieve what no business leader has done before, from mass-producing electric cars to developing reusable space rockets. Now he is blazing another trail most chief executives have avoided: the profane insult.

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 (Photo by Slaven ... [+] Vlasic/ for The New York Times) for The New York Times. I