August 8, 2024 – GARM ‘advertising cartel’ shuts down 48 hours after X, Rumble file lawsuit

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48 hours after X and Rumble filed a lawsuit against the Global Alliance for Responsible Media (GARM) ‘advertising cartel’ and several members, the World Federation of Advertisers announced it will shutter GARM, saying in a statement reported by Business Insider that they’re “a not-for-profit organization with limited resources.”

That obviously strains credulity considering they do the bidding of companies representing hundreds of billions in market cap, including CVS Health, Mars, Orsted and Unilever.

In an email to members, Stephan Loerke, the CEO of the WFA, said that the decision was “not made lightly.” Loerke also said that they intend to contest the allegations in X’s lawsuit – and were confident that the outcome would “demonstrate our full adherence to competition rules in all our activities.”

The lawsuit alleges that GARM’s members illegally conspired to “collectively withhold billions of dollars in advertising revenue” from Twitter, now known as X. The lawsuit also names Unilever, Mars, CVS, and Ørsted.

In response to the announcement, X CEO Linda Yaccarino said:

GARM was founded in 2019 by WFA, a global association representing over 150 of the world’s biggest brands and over 60 national advertiser associations which created GARM in 2019. Its members include heavyweights such as Unilever, Mars, Diageo, Procter & Gamble (P&G), GroupM, AB InBev, L’Oréal, Nestlé, IBM, Mastercard, and PepsiCo. These corporations not only wield immense economic influence but are accused of leveraging this power to control online discourse under the guise of “brand safety.”

Shortly after lawsuit was filed, video-sharing platform Rumble joined the lawsuit.

The conspiracy centers around an initiative called the Global Alliance for Responsible Media (GARM), created by the WFA, that established arbitrary standards for the content on digital platforms where its members may want to advertise. GARM used those one-size-fits-all standards to perpetrate an advertiser boycott against Rumble and other platforms. The suit also notes that GARM has vast reach since it counts the six largest ad agency holding companies among its members, including defendant WPP.

(Read more: Zero Hedge, 8/8/2024) (Archive)