The company of Elon Musk, the richest man in the world X (formerly Twitter) filed a lawsuit against some advertisers over illegal boycott opened.
X has filed an antitrust lawsuit against the Global Alliance for Responsible Media (GARM) and several companies, including Mars, Ørsted, Unilever and CVS Health. X CEO Linda Yaccarino said in a statement in sharingsays major advertisers are implementing an illegal boycott of the platform. GARM, which is part of the World Federation of Advertisers (WFA), is currently accused of withholding billions of dollars in ad revenue from X. Companies that want to join GARM must agree not to advertise on social platforms that do not comply with the organization’s security standards. At this point, Yaccarino stated that a boycott was imposed on them and that they suffered serious losses because of this.is demanding that this process be declared illegal and compensation be paid to the company within the scope of the lawsuit.
A Message to X Users pic.twitter.com/6bZOYPhWVa
— Linda Yaccarino (@lindayaX) August 6, 2024
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X also made headlines today with another piece of news. The company has decided to close its famous San Francisco office. Elon Musk, owned last month X And SpaceX’had said it planned to move its headquarters from California to Texas. So what exactly was behind this? Elon Musk made this decision, “Due to this and many other laws that target both families and businesses, SpaceX will be moving its headquarters from Hawthorne, California to Starbase, Texas.” announced with his post. “This was the final straw.” Musk says, reacting to a decision made by California Governor Gavin Newsom. According to the news on Euronews According to Newsom, with his decision banned school administrators from notifying parents that their children had changed gender or sexual orientation.
School staff in the largest state in the United States will no longer be able to provide information to parents or anyone else without the child’s permission. Elon Musk said about this development: “I made it clear to Governor Newsom nearly a year ago that these types of laws would force families and businesses to leave California to protect their children.” He said. On top of all this, today X has decided to close its famous San Francisco office. we learned. X CEO Linda Yaccarino said in an email to employees that the move will be made to a new location in the Bay Area. Yaccarino also said that an office in San Jose and xAI’s co-working space in Palo Alto will be used. He stated.