Happy Thursday CEO!

While you were busy growing your empire…

1. 😬 IBM Pulled X Ads Over Musk

IBM was a major advertiser on X but it has now pulled spending after Elon Murk endorsed an antisemitic post. Now X staff are scrambling to control the damage. Posts like this from a CEO can absolutely take down a brand. Read more here.

2. 🇨🇳 CEOs Wooed By China

Many big-name tech CEOs paid a hefty chunk of change to attend a talk from China’s leader, Xi Jinping, even as protests raged outside. Will we see new enthusiasm for doing business in China? Read more here.

3. 🌤️ Bluesky Hit 2 Million Users

X offshoot and decentralized competitor Bluesky announced that it hit 2 million users, just two months after crossing 1 million. There’s also a public interface coming. Could it beat Threads to dethroning X? Read more here.

4. 🥊 ChatGPT Hit By Attack

OpenAI said its ChatGPT outage issues may be caused by a targeted DDoS attack. Users saw messages that the platform was at capacity. It’s a bummer for paying customers but also a risk when growing to massive popularity. Read more here.

5. 📉 Consumer Spending Showed Cracks

Although consumers have been on the whole surprisingly resilient, reports from Walmart and Target suggest that could be ending. Both reported softened spending, which is troubling news heading into the holidays. Read more here.

Produced by: @MarketingMax​

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