Congress accused advertisers group of colluding to tank X's revenue.
After the House of Representatives Committee on the Judiciary released a report accusing the Global Alliance for Responsible Media (GARM) of colluding with companies to censor conservative voices online, Elon Musk chimed in. In a post on X (formerly Twitter), Musk wrote that X “has no choice but to file suit against the perpetrators and collaborators” behind an advertiser boycott on his platform.
“Hopefully, some states will consider criminal prosecution,” Musk wrote, leading several X users to suggest that Musk wants it to be illegal for brands to refuse to advertise on X.
Among other allegations, Congress’ report claimed that GARM—which is part of the World Federation of Advertisers (WFA), whose members “represent roughly 90 percent of global advertising spend, or almost one trillion dollars annually”—directed advertisers to boycott Twitter shortly after Musk took over the platform.
Twitter/X’s revenue tanked after Musk’s takeover, with Bloomberg reporting last month that X lost almost 40 percent of revenue in the first six months of 2023 compared to the same period in 2022. That’s worse than prior estimates last May, which put Twitter’s loss around one-third of its total valuation. Ars chronicled the worst impacts of the ad boycott, including sharp drop-offs in the US, where an internal Twitter presentation leaked to The New York Times showed Twitter’s ad revenue was down by as much as 59 percent “for the five weeks from April 1 to the first week of May” in 2023.
Last year, Musk sued other “collaborators” in the X boycott, including hate speech researchers, the Center for Countering Digital Hate (CCDH), and Media Matters for America (MMFA). However, his suit against the CCDH was dismissed this March, and Media Matters has claimed that Musk filing his MMFA lawsuit in Texas may be “fatal” because of a jurisdictional defect.
He only believes in the first 22 words of the first amendment. If you want to speak about what he has done, or (far worse) gather with others that share your beliefs to speak extra loud… straight to jail.
Their obsession with “freeze peach” has always been a facade to their true desire which is to censor opposing viewpoints and make their viewpoints the only form of acceptable speech.
You’ll note that everything outside those bounds is “woke” and unacceptable
What’s this? Another petty tyrant king demanding taxes from his serfs? These billionaires are fucked up in the head. They can’t just sit back, killing their livers, getting drunk and wasted on drugs on their yachts. No, they have to bend the world to their will at the expense of everyone else living in it. Even then, that isn’t enough.
As earth is my witness, I promise I did not do any drugs before coming here. Earth will know the truth!
If we go bankrupt, it’s all those pesky customers running away. Just because we are Nazis. And now they are colluding against Nazism!
advertising is the only competitive market left. I guess its easier for his ego to rationalize that everyone is teaming up against him than admit he’s a moron.
For now. You know what the Supreme Court will be paid to do.
I can even outline it now. They will argue it violates the civil rights amendment which as it came later means it has higher priority over what came earlier. Then they will find some letter written by a random Founding Father arguing that the law should be written to only apply to members of nobility. There you go an Originalist argument against plain reading.
They’re afraid that Tesla’s stock price under a rational CEO will suffer a market correction and drop to where it should be. In other words, they want to keep Musk out of fear and greed.
Such brilliant minds are truly beyond our understanding, clearly.
The neat thing is that if you have a 401k or mutual funds or whatever there’s a good chance your money voted to give this fuckwit his 56 billion. Looking at you, Vanguard.
When a business blames its customers for choosing to no longer be its customers, it’s a sure sign the business is declining. Depending on the severity, it’s often a sign the business is failing.
This applies here, as well as any time you see an article that millennials are killing <business/industry/etc>. It also applies when an entertainer blames their (potential) audience for not enjoying their work. See Jerry Seinfeld, Kid Rock, etc.
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Can X sue Musk for telling advertisers to go fuck themselves rather than addressing their concerns over his dumpster fire decisions?
He privatized and fired the board, remember? Nobody else inside to hold him accountable for being a non-stop fuckup.
Well I heard about a guy that told the collective advertisres of the platform to “go fuck themselves”, maybe this guy should be investigated.
If he doesn’t like being blackmailed he could always just fund Twitter himself.
I could have sworn I read that Musk was a free speech absolutist. Freedom for me but not for thee?
He certainly exercises his free speech to lie about his advocacy for free speech.
He only believes in the first 22 words of the first amendment. If you want to speak about what he has done, or (far worse) gather with others that share your beliefs to speak extra loud… straight to jail.
Their obsession with “freeze peach” has always been a facade to their true desire which is to censor opposing viewpoints and make their viewpoints the only form of acceptable speech.
You’ll note that everything outside those bounds is “woke” and unacceptable
Nope he’s just a fascist hiding behind free speech.
What’s this? Another petty tyrant king demanding taxes from his serfs? These billionaires are fucked up in the head. They can’t just sit back, killing their livers, getting drunk and wasted on drugs on their yachts. No, they have to bend the world to their will at the expense of everyone else living in it. Even then, that isn’t enough.
To that we say… Go fuck yourself?
As earth is my witness, I promise I did not do any drugs before coming here.
Earth will know the truth!
If we go bankrupt, it’s all those pesky customers running away. Just because we are Nazis. And now they are colluding against Nazism!
But the free market…
advertising is the only competitive market left. I guess its easier for his ego to rationalize that everyone is teaming up against him than admit he’s a moron.
And now you know why he’s donating to the Trump campaign.
Because with the shift of power with project 2025 he can actually do this.
Man I’m super glad this guy can’t run for president
For now. You know what the Supreme Court will be paid to do.
I can even outline it now. They will argue it violates the civil rights amendment which as it came later means it has higher priority over what came earlier. Then they will find some letter written by a random Founding Father arguing that the law should be written to only apply to members of nobility. There you go an Originalist argument against plain reading.
deleted by creator
Everyone knows that only counts if you’re brown
Twitter are criminals who steal our computing with proprietary software.
So this is the laser-like focus on the future of Tesla that 56 billion dollars bought, huh?
They’re afraid that Tesla’s stock price under a rational CEO will suffer a market correction and drop to where it should be. In other words, they want to keep Musk out of fear and greed.
Such brilliant minds are truly beyond our understanding, clearly.
The neat thing is that if you have a 401k or mutual funds or whatever there’s a good chance your money voted to give this fuckwit his 56 billion. Looking at you, Vanguard.
When a business blames its customers for choosing to no longer be its customers, it’s a sure sign the business is declining. Depending on the severity, it’s often a sign the business is failing.
This applies here, as well as any time you see an article that millennials are killing <business/industry/etc>. It also applies when an entertainer blames their (potential) audience for not enjoying their work. See Jerry Seinfeld, Kid Rock, etc.
No one owes your business any patronage.