Elon Musk's X Drops Unilever from Ad Boycott Lawsuit
The agreement marks a step towards resolving tensions with advertisers after significant revenue losses under Musk's management.
- X, formerly Twitter, has dismissed Unilever from its antitrust lawsuit alleging an advertiser boycott orchestrated by industry groups.
- The lawsuit, filed in Texas, accused Unilever and others of withholding billions in advertising revenue from X due to brand safety concerns.
- Unilever agreed to resume advertising on X after reaching a settlement, though the terms remain undisclosed.
- X continues to pursue legal action against other companies and groups, including Mars and CVS Health, involved in the alleged boycott.
- The platform has faced substantial advertising revenue declines, attributed to concerns over content moderation under Musk's leadership.