Elon Musk demands Disney CEO Bob Iger's removal following Ad pullout from troubled social media platform, X

In response to Disney's recent decision to withdraw advertisements from his embattled social media platform, X, billionaire entrepreneur Elon Musk is calling for the ouster of Disney CEO Bob Iger, as reported by CNN. Musk, the owner of X and known for his frequent expressions of opinions on social media, took to the platform on Thursday to express his dissatisfaction with Iger's actions.

Musk, recognized for using his influential platform to address critics, insisted that Iger be immediately dismissed, declaring, "He should be fired immediately. Walt Disney is turning in his grave over what Bob has done to his company."

Disney representatives have yet to respond to Musk's demand for Iger's termination. Iger is widely credited for guiding Disney to entertainment dominance through strategic acquisitions, including Star Wars, Marvel Studios, and Pixar, according to CNN.

Disney, along with several other major companies, ceased advertising on X last month after Musk endorsed an anti-Semitic conspiracy theory favored by white supremacists. While Musk offered a tacit apology for the post last week, he simultaneously delivered a profanity-laced message to companies avoiding advertising on his social media platform.

Speaking at the New York Times DealBook Summit, Musk directed his criticism at Iger, questioning the Disney CEO's decision to halt advertising on X, citing Musk as the reason. Iger explained that the association with Elon Musk and X was not viewed positively by Disney.

"We just felt that the association with... Elon Musk and X was not necessarily a positive one for us," Iger stated, as quoted by CNN.

The decision to halt advertisements aligns with a broader trend on X since Musk assumed control in late 2022. Musk's decisions have contributed to an increase in hate speech, misinformation, and conspiracy theories on the platform.

According to CNN, Musk himself has played a role in fostering toxicity on X, including promoting the false and dangerous Pizzagate conspiracy theory. The lack of major advertising partners has severely impacted X's finances, as the platform heavily relies on advertising revenue. Musk candidly admitted at the DealBook Summit that the ongoing advertising boycott is likely to lead to the demise of his company.

"What this advertising boycott is going to do, it's going to kill the company," Musk acknowledged.

Despite the financial challenges faced by X, Musk has not taken personal responsibility for the situation, deflecting blame onto advertisers and suggesting they will be responsible for the potential downfall of X, as reported by CNN. 

(With input from ANI)