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Elon Musk's X Sues Companies Over Ad Boycott

Elon Musk’s social media platform, X, is suing advertisers. The companies conspired to boycott advertising after Musk’s acquisition

The lawsuit was filed in a Texas court on Saturday

The lawsuit targets companies such as Nestlé, Abbott Laboratories, Colgate, Lego, and others

The goal of the boycott was allegedly to force X to comply with GARM's Brand Safety Standards

GARM, founded in 2019, categorized harmful content like hate speech and misinformation

The boycott allegedly hindered X's ability to compete for user engagement

Many advertisers left Twitter due to layoffs and controversial account reinstatements

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