Tech company pulls advertising after blasphemous opening ceremony
Airbnb CEO Brian Chesky showed off a room containing a real Olympic torch on “The Craman Countdown.” Ceremonies for the 2024 Olympic Games opened in Paris on Friday night, giving spectators a taste of French culture and blasphemous art, but they have outraged Christians around the world and led at least one sponsor to pull […]
Elon Musk threatens to sue major companies over ‘advertising boycott racket’
Billionaire Elon Musk on Thursday threatened legal action against a coalition of some of the world’s largest companies over an “ad boycott scam” that has contributed to a decline in revenue for his social media platform, X. Musk, who bought the company when it was known as Twitter for $44 billion in 2022, made the […]
Google loses bid to avoid trial in DOJ’s digital advertising antitrust case
A federal judge ruled Friday that internet search giant Alphabet Inc.’s Google must go on trial to answer claims by U.S. antitrust authorities that it illegally dominates the online advertising technology market. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, denied Google’s motion during a hearing, according to court records. Google had argued for victory […]
Google dodges jury trial over alleged advertising dominance
A federal judge ruled on Friday that Alphabet Inc.’s Google will not have a jury trial over the company’s monopoly in digital advertising because the company paid $2.3 million to cover U.S. government claims of damages. Google’s payment means it can avoid a jury trial because non-monetary claims in antitrust cases are heard directly by […]
CNN, Other Warner Bros. Discovery Networks See Advertising Plunge 11 Percent as Viewership Plummets
Viewers continue to leave CNN and other networks owned by Warner Bros. Discovery in droves, depressing advertising revenue and creating an unstoppable freedown for the cable TV industry. Warner Bros. Discovery’s TV ad revenue fell 11% in the most recent quarter, with the Hollywood media giant missing its revenue goals. The company’s stock price fell […]
Tesla Embraces Advertising amid Slowing EV Demand and Increased Competition
Elon Musk’s Tesla has made a major shift in advertising after years of aversion, recently starting to invest in paid media campaigns across a variety of platforms to boost sales and promote the idea that EVs are the future of transportation. This shows the company’s desperate stance in trying to convince the American public that […]
Google ‘predatory’ advertising practices probe expanded by Canada’s antitrust watchdog
Canada’s antitrust watchdog has expanded its investigation into whether Google’s online advertising business engages in predatory pricing. As part of the Competition Bureau’s investigation, which expands on an investigation that first began in 2020, law enforcement obtained an order from the Federal Court of Canada requiring Google to produce relevant records and written information. According […]
CNN Parent Company Warner Bros. Discovery Hammered By Weak TV Advertising, Stock Plunges
Warner Bros. Discovery, the parent company of CNN, Warner Bros., HBO and numerous other media properties, has been plagued by weak TV advertising, lower-than-expected revenue, and its stock price has plummeted as investors worry about media. ing. Giant’s financial outlook. Warner Bros. Discovery stock plunged 12% early Friday, but recovered slightly later in the day. […]
Fox News BLEEDING: $500M Drop in Market Cap, $77M Advertising Revenue in Jeopardy
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Advertising company sends objects to space
(news nation) — A new company is allowing companies to send almost anything, except people, into space as an advertising effort. sent to space was founded by Chris Rose, who told NewsNation it took a lot of work for the company to become the go-to for people wanting to send something into space. “Much of […]