Rumble Joins Social Media Platform X To File Antitrust Lawsuits Against WFA, WPP, And GroupM Alleging Conspiracy To Withhold Advertising Revenue; Claims GARM Standards Perpetrate Advertiser Boycott; U.S. House Judiciary Committee Investigates Potential Antitrust Violations
Portfolio Pulse from Benzinga Newsdesk
Rumble has joined forces with Social Media Platform X to file antitrust lawsuits against WFA, WPP, and GroupM. The lawsuits allege a conspiracy to withhold advertising revenue and claim that GARM standards perpetuate an advertiser boycott. The U.S. House Judiciary Committee is investigating potential antitrust violations.
August 06, 2024 | 3:32 pm
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Rumble has filed antitrust lawsuits against WFA, WPP, and GroupM, alleging a conspiracy to withhold advertising revenue. The U.S. House Judiciary Committee is investigating potential antitrust violations.
The filing of antitrust lawsuits and the involvement of the U.S. House Judiciary Committee could lead to increased scrutiny and potential regulatory actions. This may positively impact Rumble's stock as it positions itself as a defender against unfair practices.
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