X and World Federation of Advertisers settle lawsuit over ad boycott claims

·1 views

Elon Musk's social media platform X has reached a settlement with the World Federation of Advertisers (WFA), ending a legal dispute that spanned multiple years. X had filed the lawsuit in 2024, accusing the WFA of orchestrating what it described as a coordinated and illegal advertising boycott against the platform. The alleged boycott followed a significant drop in ad revenue after Musk completed his $44 billion acquisition of the then-Twitter. X argued that the WFA's actions amounted to a systematic effort to deprive the platform of advertising income. Terms of the settlement have not been disclosed.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Martha Stewart co-founds Hint, an AI startup built to manage your home

Hint is a new AI startup co-founded by lifestyle icon Martha Stewart, aimed at simplifying home management for homeowners. The platform combines property records, maintenance schedules, and home documents into a single application. It also features an integrated AI assistant to help users navigate home-related tasks. The startup positions itself as an all-in-one AI solution designed specifically for residential property management.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

Ferrari Luce EV hits 2026 sales target just two months after launch

Ferrari has reportedly met its 2026 sales goal for the Luce EV, its Jony Ive-designed electric vehicle, within just two months of its debut. The company had aimed to sell just under 500 units this year and reached that figure this month, ahead of its quarterly earnings announcement. Strong demand from China was cited as the primary driver of early sales, a market where EV adoption is already well established. Ferrari positioned the Luce as a vehicle intended to attract a new generation of wealthy buyers, particularly in China.

0 comments Read more at The Verge

TechnologyThe Verge ·

Woot Sells Refurbished reMarkable Paper Pro Bundle for $449.99 Until July 31

Woot is offering a refurbished reMarkable Paper Pro bundle for $449.99 through July 31st, down from the standard new price of $629 for the tablet alone. The bundle includes the Paper Pro tablet, a Marker Plus stylus, and a Book Folio cover, representing a saving of $368 compared to buying new. The same refurbished bundle is available directly from reMarkable for $649, though it comes with a one-year warranty compared to Woot's 90-day coverage. The 11.8-inch Paper Pro features a color e-ink display, an adjustable front light, and a paper-like writing surface, setting it apart from reMarkable's newer monochromatic Paper Pure. The device supports PDF annotation, handwriting-to-text conversion, and folder-based organisation, making it aimed primarily at productivity users rather than artists.

0 comments Read more at The Verge

TechnologyNYT Technology ·

SK Hynix Posts Strong Earnings Amid AI Market Uncertainty

South Korean memory chipmaker SK Hynix reported exceptionally high sales and profits on Wednesday. The strong financial results were driven largely by robust demand in the artificial intelligence sector. Despite the impressive earnings figures, investors remained uneasy about the broader AI market outlook. The positive results were not sufficient to fully reassure a cautious investment community.

0 comments Read more at NYT Technology