00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Federal Trade Commission has opened a civil investigation into media matters for America,
00:06according to Benzinga. Probe focuses on potential coordination with other watchdog groups to
00:11orchestrate advertiser boycotts against Elon Musk's Platform X. Probe centers on whether
00:16media matters aided ad pullbacks after Musk acquired X, which the group denies,
00:21calling the investigation politically motivated. The FTC issued a civil investigative demand
00:25for records of media matters communications with groups that monitor misinformation and hate
00:30speech, including the Global Alliance for Responsible Media. Both media matters and the
00:34alliance are currently being sued by Elon Musk's Platform X. The inquiry overlaps with X's
00:39antitrust lawsuit against major advertisers for allegedly coordinating to suppress ad spending,
00:44in case it could reshape platform advertiser relations.
00:47For all things money, visit Benzinga.com slash GSTV.
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