कोशिश गोल्ड - मुक्त
X hinted at possible deal trouble in talks with ad giant to increase spending
Mint Mumbai
|February 21, 2025
A lawyer at advertising conglomerate Interpublic Group fielded a ecall in December from a phone call in December from a lawyer at X.
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The message was clear, according to multiple people with knowledge of the conversation: Get your clients to spend more on Elon Musk's social-media platform, or else.
X CEO Linda Yaccarino has made comments that seemed like similar warnings in conversations with Interpublic executives, according to people with knowledge of those talks.
Interpublic leaders interpreted the communications from X as reminders that the recently announced $13 billion deal to merge Interpublic with rival Omnicom Group could be torpedoed, or at least slowed down, by the Trump administration, given Musk's powerful role in the federal government, some of the people said. They also had a front-row seat to Musk's continued criticism of advertisers that ditched X since he bought it in 2022, when it was known as Twitter.
Interpublic has recently signed a new annual deal with X for potential client spending, people familiar with the agreement said.
"We do not make spending commitments on behalf of clients to any partner or platform, and decision-making authority always rests with the client," an Interpublic spokesman said.
Yaccarino and representatives from X didn't respond to requests for comment Wednesday.
यह कहानी Mint Mumbai के February 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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