Elon Musk's X Loses Antitrust Battle Over Advertiser Boycott Allegations
A Texas judge has dismissed X's antitrust lawsuit against major advertisers, including Mars, Lego, and Nestlé, citing lack of jurisdiction and insufficient claims. The lawsuit, filed by X (formerly Twitter) in 2024, accused these brands of conspiring through GARM to withhold billions in ad spend post-Elon Musk's acquisition. This ruling marks a significant hurdle for X as it struggles to regain advertiser trust after moderation changes initiated by Musk.
Mar 27