Elon Musk has settled his lawsuit with advertisers whom he previously suggested should face criminal prosecution for not advertising on his social media platform, X. In a joint statement, the World Federation of Advertisers (WFA) and X announced that they are moving forward and putting the litigation involving the Global Alliance for Responsible Media (GARM) behind them. Musk's lawsuit followed a significant drop in X's revenue, which fell by $1.5 billion by the end of 2023 due to a series of brand boycotts. Musk had expressed strong discontent with advertisers, stating in the past that those who refused to advertise on X should “go fuck yourself.”
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Elon Musk Settles Lawsuit with Advertisers Over Boycotts
Elon Musk has settled a lawsuit against advertisers who boycotted his platform, X. The settlement comes after a significant revenue decline for X, attributed to these boycotts, which Musk had previously condemned.
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Musk went to “war,” sought jail time for X ad boycotts—but case ends with a whimper
Elon Musk Settles Lawsuit with Advertisers Over Boycotts