X Sues Advertising Group as Musk Declares 'War'

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http://investopedia.com/x-sues-advertising-group-as-musk-declares-war-8691158

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X owner Elon Musk has a message for advertisers: “We tried peace for 2 years, now it is war.” The owner of X, formerly Twitter, posted that message Tuesday alongside an announcement from X Chief Executive Officer (CEO) Linda Yaccarino that the social media platform is suing a group of advertisers that belong to the World Federation of Advertisers (WFA) global media alliance, including CVS Health (CVS), Unilever PLC (UL), Mars, and Orsted. The suit alleges that the WFA conspired to “collectively withhold billions of dollars in advertising revenue” from...