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The Federal Trade Commission has launched an investigation into Media Matters for America, escalating scrutiny over alleged coordination with watchdog groups to orchestrate advertiser boycotts against Elon Musk's social platform, X.What Happened: The FTC issued a civil investigative demand seeking...

Editor’s Note: This story has been updated with a statement from Meta Platforms. Internal documents from Meta Platforms, Inc. (NASDAQ:META) reportedly indicate a policy designed to protect high-spending advertisers from automated content moderation. What Happened: The documents from 2023...

Elon Musk’s social media platform, X, formerly Twitter, has dropped Unilever Plc. (NYSE:UL) from a lawsuit that accused the company of conspiring to boycott the platform, leading to a loss in revenue. What Happened: On Friday, X dropped its claims against Unilever in the antitrust lawsuit...

Mark Cuban has expressed admiration for Elon Musk but voiced concerns over his approach to free speech on X, previously known as Twitter. During a discussion on the All-In Podcast, Cuban shared his views on Musk’s management style. What Happened: While acknowledging Musk’s...

Rumble Inc. (NASDAQ:RUM) in conjunction with Elon Musk’s X, formerly Twitter, has lodged antitrust lawsuits alleging a conspiracy to withhold advertising revenue. What Happened: On Tuesday, the U.S. District Court for the Northern District of Texas received the filing from Rumble, which named...

As the CEO of X, formerly known as Twitter, Linda Yaccarino is reportedly finding it increasingly difficult to work under the leadership of Elon Musk. What Happened: X has been facing a decline in advertising revenue since Musk took over in 2022. Major advertisers, including McDonald’s and...

Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk on Wednesday made a surprising appearance at the Cannes Lions conference in France. The tech billionaire used the platform to address his previous outbursts and reassure advertisers about the platform’s future. What Happened: Musk, the world...

Meta Platforms Inc. (NASDAQ:META) is facing a significant setback as its AI-powered ad tools are malfunctioning, leading to a waste of ad budgets and a decline in sales. This has prompted businesses to reconsider their advertising strategies on Meta’s platforms. What Happened: Meta’s...

Tesla and SpaceX CEO Elon Musk has urged social media users to get a blue checkmark on X, formerly Twitter, saying it is the only way to prevent major brand advertisers from demanding censorship on the platform.  What Happened: On Thursday, the tech mogul responded to a user on X, who thanked...

On Saturday, Elon Musk, the owner of social media platform X, openly criticized major advertisers for suppressing users' freedom of speech. What Happened: This criticism came as several prominent advertisers withdrew their ads from X, formerly Twitter, amid the controversy...

A top executive at McDonald's (NYSE: MCD) reportedly asserted that Twitter CEO Elon Musk's "free speech" agenda at Twitter has been "perpetuating racism."  According to a leaked email chain obtained by Semafor, executives from McDonald's...

As Wall Street anxiously awaited Facebook (NASDAQ: FB)’s earnings report Wednesday afternoon, investors speculated where (or if) the massive social network would see growth next. Although it seems somewhat counter-intuitive, since Facebook is still (mostly) banned in China, some believe that...