A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform.
Rumble, X, etc no longer get access to ad companies, and ad companies have to agree to block X and Rumble in order to enjoy the benefits of the group. The group tries to restrict the market the same way a monopoly does, which is illegal.
By your logic, any group that organizes a boycott of any company is guilty of creating a monopoly. That is not how monopolies work, and it is also not illegal. It is a normal function of a free market.
It creates an artificial monopoly, and breaks antitrust law.
What monopoly? There are many platforms for ad placement. Boycotting one platform doesn’t make the rest of the market a monopoly.
Rumble, X, etc no longer get access to ad companies, and ad companies have to agree to block X and Rumble in order to enjoy the benefits of the group. The group tries to restrict the market the same way a monopoly does, which is illegal.
By your logic, any group that organizes a boycott of any company is guilty of creating a monopoly. That is not how monopolies work, and it is also not illegal. It is a normal function of a free market.
https://en.m.wikipedia.org/wiki/United_States_antitrust_law
A monopoly exists when there is only one seller of a product. A monopsony exists when there is only one buyer of a product.
I’m really not sure that the Sherman Antitrust Act regulates artificial monopsonies the same way it does with monopolies
https://en.m.wikipedia.org/wiki/United_States_antitrust_law