Elon Musk’s X just sued a nonprofit advertising group out of existence
Elon Musk’s X just sued a nonprofit advertising group out of existence
A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform.
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It is illegal for multiple companies to conspire and boycott, just like price fixing is illegal. X was in the right on this one.
Nobody was conspiring, they just stopped advertising on a sinking ship.
No, they not only conspired and broke several antitrust laws, they threatened to pull out ad companies who didn't comply from their group.
And X wasn't the only company affected. Several companies are joining X in the lawsuit.
Sources?
Nothing Musk does is ever right, but I guess a simp is gonna simp.
X wasn't the only company suing them. And you disliking victim doesn't justify illegal shit. I don't use X, and I don't like musk. But fuck the ad companies.
Except I doubt the conspired. I find it far more likely that they all saw what Muskrat was doing and didn't want to do business with him, because he's an ass.
Also he told them to go fuck themselves, so yea.
Rumble and other companies are also suing for the same thing.
I rather doubt that buyer boycotts are actually illegal (with the exception of the anti Israel boycotts).
It creates an artificial monopoly, and breaks antitrust law.
What monopoly? There are many platforms for ad placement. Boycotting one platform doesn't make the rest of the market a monopoly.
Rumble, X, etc no longer get access to ad companies, and ad companies have to agree to block X and Rumble in order to enjoy the benefits of the group. The group tries to restrict the market the same way a monopoly does, which is illegal.
By your logic, any group that organizes a boycott of any company is guilty of creating a monopoly. That is not how monopolies work, and it is also not illegal. It is a normal function of a free market.
A monopoly exists when there is only one seller of a product. A monopsony exists when there is only one buyer of a product.
I'm really not sure that the Sherman Antitrust Act regulates artificial monopsonies the same way it does with monopolies