"U.S. District Judge Jane Boyle stated that X failed to show it had suffered any harm under federal antitrust laws, leading to the dismissal of the lawsuit."
"The lawsuit claimed that advertisers, through the Global Alliance for Responsible Media, collectively withheld billions of dollars in advertising revenue from X, previously known as Twitter."
"Defendants argued that they acted independently, choosing rival platforms due to concerns about X's commitment to brand safety following Musk's takeover."
"Boyle wrote that 'the very nature of the alleged conspiracy does not state an antitrust claim,' resulting in the court's decision to dismiss with prejudice."
A U.S. judge dismissed X Corp.'s antitrust lawsuit against the World Federation of Advertisers and major companies, including Mars and CVS Health. The judge stated that X failed to prove it suffered harm under federal antitrust laws. The lawsuit claimed advertisers collectively withheld billions in advertising revenue from X, alleging a conspiracy against the platform. Defendants argued that their decisions were independent and based on concerns about X's brand safety. The judge concluded that the alleged conspiracy did not constitute an antitrust claim, leading to the dismissal of the case.
Read at www.cbc.ca
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