Federal regulators are working toward settlement agreements with multiple large advertising firms as part of an investigation into alleged coordinated boycotts against social media platforms, according to a weekend report from the Wall Street Journal.
The Federal Trade Commission’s probe examines whether major advertising companies broke federal antitrust regulations by working together to organize boycotts targeting various platforms, including Elon Musk’s X social media site, sources with knowledge of the discussions told the Journal.
The settlement discussions represent the latest development in the agency’s examination of advertising industry practices and potential anti-competitive behavior among major firms in the sector.
Reuters has not independently confirmed the details of the reported settlement negotiations.
