By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Mexican-American singer Johnny Rodriguez, whose 1970s country hits topped charts, dies at 73
    Mexican-American singer Johnny Rodriguez, whose 1970s country hits topped charts, dies at 73
    May 11, 2025
    How this ‘generational shift’ impacts fitness, wellness industries
    How this ‘generational shift’ impacts fitness, wellness industries
    May 10, 2025
    Johor police probing Singapore-registered Maserati driver, 27, for fatal accident at Second Link: Report
    Johor police probing Singapore-registered Maserati driver, 27, for fatal accident at Second Link: Report
    May 10, 2025
    Pakistan retaliates after Indian missile strikes
    Pakistan retaliates after Indian missile strikes
    May 10, 2025
    Terror group supporters posted on TikTok from site targeted in Indian airstrikes | World News
    Terror group supporters posted on TikTok from site targeted in Indian airstrikes | World News
    May 10, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Virginia Man Gets 30 Years For Supporting ISIS
    Virginia Man Gets 30 Years For Supporting ISIS
    May 10, 2025
    Mapping Out the Senate Stablecoin Bill’s Next Steps
    Mapping Out the Senate Stablecoin Bill’s Next Steps
    May 10, 2025
    Bitcoin holds the bulk of its gains from this week’s rally to 0,000, altcoins turn bullish
    Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish
    May 10, 2025
    Ethereum price greenlit for further upside after surprise 29% ETH rally
    Ethereum price greenlit for further upside after surprise 29% ETH rally
    May 10, 2025
    Crypto sleuth probes attacker behind Bored Ape heist
    Crypto sleuth probes attacker behind Bored Ape heist
    May 10, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Musk’s X accuses advertisers of illegal boycott in new lawsuit
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Musk’s X accuses advertisers of illegal boycott in new lawsuit
Musk’s X accuses advertisers of illegal boycott in new lawsuit
Business

Musk’s X accuses advertisers of illegal boycott in new lawsuit

Published August 6, 2024
Share
2 Min Read
SHARE

Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue.

X filed the lawsuit in federal court in Texas against the World Federation of Advertisers, Unilever and Danish renewable energy company Orsted, in addition to Mars and CVS Health.

The lawsuit said advertisers, acting through a World Federation of Advertisers initiative called Global Alliance for Responsible Media, collectively withheld “billions of dollars in advertising revenue” from X, previously known as Twitter.

It said they acted against their own economic self interests in a conspiracy against the platform that violated U.S. antitrust law.

The World Advertising Federation, Unilever, Mars, CVS Health and Orsted did not immediately respond to requests for comment.

In a statement on Tuesday about the lawsuit, X’s chief executive Linda Yaccarino said “people are hurt when the marketplace of ideas is constricted. No small group of people should monopolize what gets monetized.”

Ad revenue at X slumped for months after Musk bought the company in 2022. Brands had been wary of rapid changes initiated under Musk’s ownership.

The advertising group launched the responsible media initiative in 2019 to “help the industry address the challenge of illegal or harmful content on digital media platforms and its monetization via advertising.”

X said in its lawsuit that it has applied brand-safety standards that are comparable to those of its competitors and that “meet or exceed” measures specified by the Global Alliance for Responsible Media.

The lawsuit said X has become a “less effective competitor” in the sale of digital advertising.

X is seeking unspecified damages and a court order against any continued efforts to conspire to withhold ad dollars.

#Musks #accuses #advertisers #illegal #boycott #lawsuit

TAGGED:accusesAdvertisersboycottillegallawsuitMusks
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Stock market today: Live updates Stock market today: Live updates
Next Article Sabrina Carpenter Makes Rare Comment About Boyfriend Barry Keoghan  Sabrina Carpenter Makes Rare Comment About Boyfriend Barry Keoghan 
- Advertisement -

Latest Post

Mexican-American singer Johnny Rodriguez, whose 1970s country hits topped charts, dies at 73
Mexican-American singer Johnny Rodriguez, whose 1970s country hits topped charts, dies at 73
World News
Virginia Man Gets 30 Years For Supporting ISIS
Virginia Man Gets 30 Years For Supporting ISIS
Cryptocurrency
How this ‘generational shift’ impacts fitness, wellness industries
How this ‘generational shift’ impacts fitness, wellness industries
World News
Mapping Out the Senate Stablecoin Bill’s Next Steps
Mapping Out the Senate Stablecoin Bill’s Next Steps
Cryptocurrency
Bitcoin holds the bulk of its gains from this week’s rally to 0,000, altcoins turn bullish
Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish
Cryptocurrency
Johor police probing Singapore-registered Maserati driver, 27, for fatal accident at Second Link: Report
Johor police probing Singapore-registered Maserati driver, 27, for fatal accident at Second Link: Report
World News
- Advertisement -

You Might Also Like

Oil edges up on US Fed rate signals, China property sector support
Business

Oil edges up on US Fed rate signals, China property sector support

February 1, 2024
The Crucial Role of Criminal Record Checks for Employers
Business

The Crucial Role of Criminal Record Checks for Employers

February 9, 2024
Milei clashes with Argentine province over plans to issue its own currency
Business

Milei clashes with Argentine province over plans to issue its own currency

February 3, 2024
Drought in Western Canada impacting hydropower production as reservoirs run low
Business

Drought in Western Canada impacting hydropower production as reservoirs run low

January 29, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?