Musk's X loses lawsuit against advertisers

Elon Musk's social media platform X has lost a lawsuit accusing several major companies, including Nestle and Shell, of orchestrating an advertising boycott. A court dismissed the claims, ruling in favor of the World Federation of Advertisers and the named companies. The lawsuit alleged that these advertisers intentionally reduced spending on X following Musk's acquisition of the platform. The dismissal suggests that X failed to provide sufficient evidence to support its claims of a coordinated boycott orchestrated by the defendants, marking a setback for the platform's legal efforts to recoup lost advertising revenue.