Musk’s X Loses Suit Claiming Advertiser Boycott of Platform (1)

The World Federation of Advertisers, Nestle SA, Shell Plc and a handful of other companies won dismissal of a lawsuit filed by Elon Musk’s X over claims that they orchestrated an advertising boycott of the social media platform after the billionaire purchased it.

US District Judge Jane Boyle, in a ruling Thursday, granted a request by the companies to dismiss the lawsuit, saying Musk’s company had failed to demonstrate it had been harmed as a result of an antitrust violation, even if X saw reduced revenue or was forced to cut prices for advertisers.

“X has not ...