• bitcoinBitcoin(BTC)$84,738.000.90%
  • ethereumEthereum(ETH)$2,697.840.51%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$778.801.06%
  • rippleXRP(XRP)$1.541.38%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$123.211.92%
  • tronTRON(TRX)$0.334243-0.59%
  • zcashZcash(ZEC)$1,611.202.96%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.062.85%
  • HyperliquidHyperliquid(HYPE)$92.050.38%
  • dogecoinDogecoin(DOGE)$0.0975910.51%
  • chainlinkChainlink(LINK)$14.14-0.14%
  • moneroMonero(XMR)$547.28-1.18%
  • whitebitWhiteBIT Coin(WBT)$84.480.81%
  • USDSUSDS(USDS)$1.000.00%
  • cardanoCardano(ADA)$0.2564750.69%
  • RainRain(RAIN)$0.012586-3.96%
  • leo-tokenLEO Token(LEO)$9.050.90%
  • stellarStellar(XLM)$0.217471-0.05%
  • nearNEAR Protocol(NEAR)$5.3911.95%
  • bitcoin-cashBitcoin Cash(BCH)$335.98-0.03%
  • uniswapUniswap(UNI)$9.792.31%
  • litecoinLitecoin(LTC)$71.34-0.41%
  • CantonCanton(CC)$0.1383223.50%
  • suiSui(SUI)$1.279.60%
  • Ethena USDeEthena USDe(USDE)$1.000.01%
  • avalanche-2Avalanche(AVAX)$11.042.40%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.675.40%
  • daiDai(DAI)$1.000.01%
  • USD1USD1(USD1)$1.00-0.01%
  • hedera-hashgraphHedera(HBAR)$0.0947261.47%
  • BittensorBittensor(TAO)$328.602.19%
  • shiba-inuShiba Inu(SHIB)$0.0000060.18%
  • crypto-com-chainCronos(CRO)$0.0675112.89%
  • BitwayBitway(BTW)$1.2012.90%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • EthenaEthena(ENA)$0.2890996.33%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • MemeCoreMemeCore(M)$1.21-0.14%
  • quant-networkQuant(QNT)$187.0156.02%
  • OndoOndo(ONDO)$0.553.14%
  • tether-goldTether Gold(XAUT)$4,279.610.04%
  • okbOKB(OKB)$121.620.64%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • aaveAave(AAVE)$155.790.86%
  • Pump.funPump.fun(PUMP)$0.00500113.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.20%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

FTC probes Media Matters over Elon Musk’s X boycott claims

May 22, 2025
in Business
Reading Time: 3 mins read
A A
FTC probes Media Matters over Elon Musk’s X boycott claims
ShareShareShareShareShare

The Federal Trade Commission has demanded documents from Media Matters about possible coordination with other media watchdogs accused by Elon Musk of helping orchestrate advertiser boycotts of X, according to a document seen by Reuters on Thursday.

YOU MAY ALSO LIKE

Rob Bonta’s Paramount-WBD debacle has created political chaos

US jury says Apple owes record $5.7 billion in patent case against San Diego company

The civil investigative demand seeks information about Media Matters’ communications with other groups that evaluate misinformation and hate speech in news and social media, including a World Federation of Advertisers initiative called Global Alliance for Responsible Media. X has ongoing lawsuits against both organizations.

The probe, first reported by Reuters, marks an escalation in government scrutiny of whether groups like Media Matters helped advertisers coordinate to pull ad dollars from X after Musk bought the social media site formerly known as Twitter in 2022.

Elon Musk’s X sued Media Matters in 2023, accusing the organization of defaming it in an article that said ads for major brands had appeared next to posts on X that touted far-right extremist content. Getty Images

The demand seeks all documents Media Matters, a Washington, DC-based liberal advocacy group, has produced or received in the X lawsuit related to advertiser boycotts.

FTC Chairman Andrew Ferguson, who was appointed by President Trump to run the agency, highlighted the potential for a probe in December.

“We must prosecute any unlawful collusion between online platforms, and confront advertiser boycotts which threaten competition among those platforms,” Ferguson said in a statement on an unrelated case.

Media Matters President Angelo Carusone said on Thursday that the Trump administration has “been defined by naming right-wing media figures to key posts and abusing the power of the federal government to bully political opponents and silence critics.”

“It’s clear that’s exactly what’s happening here, given Media Matters’ history of holding those same figures to account. These threats won’t work; we remain steadfast to our mission,” he said.

The probe marks an escalation in US government scrutiny of whether groups like Media Matters helped advertisers coordinate to pull ad dollars from X after Musk bought the social media site formerly known as Twitter in 2022. VSzili – stock.adobe.com

The House Judiciary Committee, chaired by Republican member Jim Jordan, accused the Global Alliance for Responsible Media last year of coordinating an illegal group boycott. The initiative was shut down in August.

A spokesperson for the FTC declined to comment.

World Federation of Advertisers did not immediately respond to a request for comment.

Media Matters has denied the allegations, and sued X, accusing it of abusive, costly and meritless lawsuits to punish the group for its reporting on advertising on X after Musk purchased the site. Media Matters for America / Facebook

An investigative demand is not proof of wrongdoing, and not all investigations result in the FTC taking enforcement action.

Advertising spending on X is set to increase in 2025 for the first time since Musk bought it in 2022, research firm Emarketer said in March, but it remains below its pre-Musk level. The Tesla CEO was a major donor to Trump’s 2024 presidential campaign and runs his initiative to slash the federal workforce.

Last year, X sued the World Federation of Advertisers and a group of major brands in federal court in Texas, accusing them of illegally conspiring to curtail ad spending.

FTC Chairman Andrew Ferguson, who was appointed by President Trump to run the agency, highlighted the potential for a probe in December. AFP via Getty Images

The group has asked a judge to dismiss the lawsuit, contending that advertisers chose other platforms based on their concerns about X’s commitment to brand safety.

Media Matters and X are battling each other in federal courts in Texas and California.

X sued Media Matters in 2023, accusing the organization of defaming it in an article that said ads for major brands had appeared next to posts on X that touted far-right extremist content.

The House Judiciary Committee, chaired by Republican member Jim Jordan, accused the Global Alliance for Responsible Media last year of coordinating an illegal group boycott. AP

Media Matters has denied the allegations, and sued X, accusing it of abusive, costly and meritless lawsuits to punish the group for its reporting on advertising on X after Musk purchased the site.

The organization has said defending against X’s claims has cost it millions of dollars.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Rob Bonta’s Paramount-WBD debacle has created political chaos
Business

Rob Bonta’s Paramount-WBD debacle has created political chaos

September 27, 2026
US jury says Apple owes record .7 billion in patent case against San Diego company
Business

US jury says Apple owes record $5.7 billion in patent case against San Diego company

September 27, 2026
Costco receives 4M in tariff refunds
Business

Costco receives $184M in tariff refunds

September 26, 2026
See which California Starbucks locations are closing across the state
Business

See which California Starbucks locations are closing across the state

September 26, 2026
Next Post
Apple Struggles to Crack AI

Apple Struggles to Crack AI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Giants QB Jaxson Dart will reportedly have knee surgery, ending his 2026 season – Yahoo Sports

Giants QB Jaxson Dart will reportedly have knee surgery, ending his 2026 season – Yahoo Sports

September 23, 2026
Jury in Clancy case requests key evidence

Jury in Clancy case requests key evidence

September 21, 2026
New York Continues To Fight Prediction Markets With A Lawsuit Against Polymarket

New York Continues To Fight Prediction Markets With A Lawsuit Against Polymarket

September 24, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!