The Damage Report
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Elon Musk LOSES His Mind Over Consequences, Lashes Out
Posted
August 10, 2024
Views
168,317
Likes
7,755
Comments
1,582
Engagement
5.55%
August 10, 2024
168,317
7,755
1,582
5.55%
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5:46Now PlayingElon Musk rages over the consequences of him turning Twitter into a disaster platform and attacking advertisers publicly in new lawsuit against advertisers leaving his social media platform new called X. John Iadarola and Sharon Reed break it down on The Damage Report.
Read more here:
Elon Musk's X has lost tons of advertisers. The platform's solution is to sue them.
"Elon Musk's X is suing a group of advertisers, alleging that they violated antitrust laws by ganging up on the social-media company in an advertising boycott.
X CEO Linda Yaccarino posted a video and an open letter on the platform Tuesday announcing the lawsuit against the Global Alliance for Responsible Media, the World Federation of Advertisers, and the GARM members CVS Health, Mars, Ørsted, and Unilever.
The lawsuit, filed in Texas, says that after Musk took over the platform in 2022, GARM persuaded top brands not to advertise on X in an effort to "collectively withhold billions of dollars in advertising revenue" from the platform, The New York Times reported."
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