FTC Close to Settlements in Ad Boycott Probe, Lawyer Says

The US Federal Trade Commission is negotiating antitrust settlements with the targets of its investigation into alleged advertiser boycotts of online platforms, including Elon Musk’s X, an agency lawyer told a federal appeals court Monday.

“We are actually in settlement negotiations with targets of this investigation and we anticipate public announcements on that front soon,” FTC lawyer Thomas Byron told the US Court of Appeals for the DC Circuit. “We’ll inform the court, of course, as soon as the commission takes action.”