Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Amazon is ramping up ad spending on Elon Musk’s X, according to people familiar with the situation, a major shift after pulling much of its advertising more than a year ago, a time when many brands had concerns about hate speech on the platform.

Amazon.com (NASDAQ:AMZN) is reportedly increasing its advertising on social media platform X, owned by billionaire Elon Musk, according a report from the Wall Street Journal, citing sources familiar with the matter.