Elon Musk’s X Corp., formerly known as Twitter, filed a lawsuit accusing the Global Alliance for Responsible Media (GARM) of violating antitrust laws for an advertising boycott that cost the social media company billions of dollars.
The lawsuit, filed Tuesday in federal court in Texas, claims the industry group coordinated the boycott of the platform by advertisers under the guise of concern about whether X would adhere to certain brand safety standards.
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“To put it simply, people are hurt when the marketplace of ideas is undermined and some viewpoints are not funded over others as part of an illegal boycott,” X CEO Linda Yaccarino said in a post on the platform. “This behavior is a stain on a great industry, and cannot be allowed to continue.”