X will continue to sue the advertiser alliance, and the platform's advertising revenue this year is said to reach $2 billion
Linda Yaccarino, CEO of social platform X, stated on August 13th that X will continue to file anti-monopoly lawsuits against several major brands and an advertising industry group. Last week, X sued the World Federation of Advertisers and multinational companies such as Unilever and Mars for conspiracy to violate antitrust laws. In addition, an insider stated that X is expected to generate approximately $2 billion in advertising revenue this year, while Twitter's advertising revenue in 2021 was $4.5 billion. (The Information)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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