Elon Musk’s X Corp. filed a lawsuit accusing an industry group of violating antitrust laws for an advertising boycott that cost the social media company...
FILE - A Twitter logo hangs outside the company's offices in San Francisco, Dec. 19, 2022. Elon Musk said Thursday, May 11, 2023, that he has found a new CEO for Twitter, or X Corp. as it is now called. He did not name the person but she will be starting in about six weeks. filed a lawsuit accusing an industry group of violating antitrust laws for an advertising boycott that cost the social media company billions of dollars.
The lawsuit by X comes as House Republicans and conservative media outlets have ramped up scrutiny of GARM, which counts among its more than 100 members advertisers including Procter & Gamble Co. and Unilever Plc.GOP lawmakers have accused the group of violating antitrust laws, and the lawsuit cites a July report from the House Judiciary Committee accusing GARM of depriving conservative media outlets of ad revenue from its members.
Musk, the world’s richest person, is a self-proclaimed champion of free speech on his social-media platform and has pursued other legal challenges connected to allegations of lax moderation of toxic posts, though with mixed success. Rumble, a video-sharing platform, said it would file a lawsuit of its own against GARM and the World Federation of Advertisers in Texas federal court that raises the same allegations as X.The case is X v. World Federation of Advertisers, 7:24-cv-00114, US District Court, Northern District of Texas .The highly anticipated decision issued by U.S. District Judge Amit Mehta comes nearly a year after the start of a trial pitting the U.S.
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