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.
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.
I rather doubt that buyer boycotts are actually illegal (with the exception of the anti Israel boycotts).
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What monopoly? There are many platforms for ad placement. Boycotting one platform doesn’t make the rest of the market a monopoly.
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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.
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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
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