RE: Musk boycotts7 Aug 2024 09:49
X Corp., owned by billionaire Elon Musk, on Tuesday filed a lawsuit against the Global Alliance for Responsible Media (GARM) and its members, CVS Health, Mars, Orsted and Unilever, for violating antitrust laws, which resulted in billions of dollars in losses for the social media company, X CEO Linda Yaccarino said in a post on the social media platform.
The lawsuit alleges the industry group orchestrated advertisers' boycott of the platform amid concerns over whether X would abide by certain brand safety standards.
"To put it simply, people are hurt when the marketplace of ideas is undermined and some viewpoints are not funded over others as part of an illegal boycott. This behavior is a stain on a great industry, and cannot be allowed to continue," Yaccarino stated.
Baha Breaking News (BBN) / JJ