FTC Probes Ad Agencies Over Alleged Boycott of X

The Federal Trade Commission has demanded documents from several of the world's largest advertising agencies to investigate allegations of an organized advertiser boycott. The probe follows claims by Elon Musk that these companies conspired to stop purchasing advertisements on X, the social media platform he owns.

Musk alleged that the agencies coordinated a withdrawal from the platform, while the agencies cited the prevalence of hate speech and disinformation on X as the primary reasons for their decision to stop spending. The investigation seeks to determine if these actions constituted an illegal boycott.

This regulatory action occurs as the Trump administration continues to support the commercial interests of Musk following his departure from the White House.