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Elon Musk says X will send money to hospitals in Israel and the Red Cross in Gaza | Fox Business


X Corp will provide funds to hospitals in Israel and the Red Cross and Red Crescent in Gaza, its owner, Elon Musk, said Tuesday afternoon.

Musk said the donations would consist of “all advertising and subscription revenue associated with the war in Gaza.” Linda Yaccarino, CEO of X since early June, also encouraged others to join the company.

Terrorists from Israel and Hamas have been fighting each other since early October. There have been thousands of total casualties in the war, with Israel reporting more than 1,200 deaths and the Palestinian Health Ministry claiming nearly 13,000, FOX News Digital reported.

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X Corp will “track how funds are spent and go through the Red Cross/Red Crescent” to prevent donations to Gaza from reaching Hamas, Musk later said in response to a user request. “Better ideas are welcome.”

“We must care about the innocent, regardless of their race, creed, religion or anything else,” he wrote.

ELON MUSK’S LAWSUIT AGAINST MEDIA AFFAIRS, ALLEVIATES DATA MANIPULATION ON THE PLATFORM

Musk’s announcement about the planned donations came just a day after his social media platform filed a defamation lawsuit against Media Matters for America in connection with its report last week that ads for certain companies and Anti-Semitic content appeared side by side. IBM, Apple and Lions Gate Entertainment later curbed the use of X for advertising, according to reports.

X alleged that Media Matters “manipulated algorithms governing the user experience on these pairs are anything but what they really are: manufactured, inorganic and extraordinarily rare.

Media Matters called the lawsuit a “frivolous lawsuit designed to intimidate X’s critics into silence” and said it “stands by its reporting and hopes to win in court,” Axios reported.

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Last week, Musk also commented that an

He said Sunday that “nothing could be further from the truth” than allegations that he is anti-Semitic.

X has been owned by Musk since October 2022, when he completed his purchase of then-Twitter for a staggering $44 billion. In addition to owning X, he also runs Tesla and SpaceX.

Bradford Betz, Eric Revell and Greg Wehner contributed to this report.

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