Elon Musk is being ridiculous. Companies are free to choose where to advertise
Elon Musk's platform X has sued advertisers for an alleged "illegal boycott," claiming antitrust violations. Critics argue advertisers prioritize brand safety, contributing to X's revenue decline amid competition.
Read original articleElon Musk's social media platform, X, has filed a lawsuit in Texas alleging an "illegal boycott" by several advertisers, including Unilever and Mars. This comes after Musk previously encouraged advertisers to leave if they disagreed with his management of the platform, particularly following backlash over his endorsement of controversial content. The lawsuit claims that these companies conspired to withhold billions in advertising revenue, violating antitrust laws. Critics argue that Musk's claims are unfounded, as companies have the right to choose where to allocate their advertising budgets based on brand safety and effectiveness. Unilever's president highlighted that the company has shifted its advertising focus away from social media due to concerns over content quality. The article suggests that X's revenue decline is a result of low trust among advertisers and competition from other platforms that offer better returns on investment. Even if X were to win the lawsuit, advertisers would still prioritize their own interests in choosing where to spend their advertising dollars. The situation reflects broader market dynamics rather than any illegal activity by advertisers.
- X has filed a lawsuit claiming an "illegal boycott" by advertisers.
- Musk previously encouraged advertisers to leave if they disagreed with his management.
- Advertisers prioritize brand safety and effectiveness in their spending decisions.
- Unilever has reduced its social media advertising due to content concerns.
- X's revenue decline is attributed to low advertiser trust and competition from other platforms.
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Musk's X sues Unilever, Mars and CVS over 'massive advertiser boycott'
Elon Musk's platform X has sued Unilever, Mars, CVS Health, and the World Federation of Advertisers for allegedly boycotting it, claiming billions in lost revenue and seeking unspecified damages.
Elon Musk sues Unilever and Mars over X advertising 'boycott'
Elon Musk's platform X is suing Unilever, Mars, and others for an alleged advertising boycott causing billions in lost revenue, while facing potential challenges due to First Amendment protections.
This lawsuit is about a cartel arrangement to hurt a company in retaliation because of it's moderation policy. I don't think it's a strong case, but there is a case to be made, and I'm eager to see how it plays out in court.
https://www.theverge.com/2023/11/29/23981928/elon-musk-ad-bo...
Or, you have a lot of money to spend and want to try and set some sort of precedent to hopefully end the hypocritical attitudes of these companies. Who knows - there might already be precedent and the droves of internet hacks giving their uninformed opinions (including me!) will be proven wrong?
It's humorous to see companies deciding to throw millions of dollars around to drape themselves in rainbow colors in the west, while simultaneously zipping their lips in other countries who don't share the same sentiment.
It's the attitude of "if it'll make us money, then we'll do it, but if it maybe possibly might result in fewer customers, it's not worth it".
Bring back smaller companies and shatter mega corporations into thousands of individual pieces.
https://www.ftc.gov/news-events/news/press-releases/1995/08/...
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Elon's X has lost tons of advertisers. The platform's solution is to sue them
Elon Musk's platform X is suing advertisers for alleged antitrust violations due to a boycott that reportedly withheld billions in ad revenue, impacting the platform's diversity of viewpoints and future revenue.
Elon Musk's X sues advertisers over alleged 'massive advertiser boycott'
Elon Musk's platform X has filed a lawsuit against several advertisers, alleging a coordinated boycott that violated antitrust laws and caused significant revenue losses since his acquisition of Twitter.
X (Twitter) Sues Former Advertisers
Elon Musk's platform X has sued several advertisers, including Unilever and Mars Inc., for an alleged illegal boycott costing billions in revenue, seeking damages under antitrust laws.
Musk's X sues Unilever, Mars and CVS over 'massive advertiser boycott'
Elon Musk's platform X has sued Unilever, Mars, CVS Health, and the World Federation of Advertisers for allegedly boycotting it, claiming billions in lost revenue and seeking unspecified damages.
Elon Musk sues Unilever and Mars over X advertising 'boycott'
Elon Musk's platform X is suing Unilever, Mars, and others for an alleged advertising boycott causing billions in lost revenue, while facing potential challenges due to First Amendment protections.