• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Chair Jordan demands answers from dozens of major companies tied to shadowy ‘collusive’ ad group
Economy

Chair Jordan demands answers from dozens of major companies tied to shadowy ‘collusive’ ad group

by August 5, 2024
by August 5, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

One of the most powerful committees in Congress has sent a letter to dozens of major corporations in the United States demanding answers on their involvement in an advertising alliance that Republicans say is potentially trying to silence conservative voices in media and news.

‘The Committee on the Judiciary is conducting oversight into the adequacy and enforcement of U.S. antitrust laws,’ the Republican-led House Judiciary Committee wrote in a letter to Adidas, one of more than 40 companies it reached out to in total, seeking answers about collusion concerns. 

‘Through its oversight, the Committee has learned that collusive activity is occurring within the Global Alliance for Responsible Media (GARM), of which your company is a member. In particular, the Committee has uncovered evidence of coordinated action by GARM and its member companies, including boycotts of disfavored social media platforms, podcasts, and news outlets.’

Along with Adidas, the letter was sent to a variety of other companies, including American Express, Bayer, BP, Carhartt, Chanel, CVS and General Motors, asking them to preserve documents related to their involvement with GARM.

GARM describes itself on its website as a ‘cross-industry initiative established in 2019 by the World Federation of Advertisers (WFA) to help the industry address the challenge of illegal or harmful content on digital media platforms and its monetization via advertising.’

The website adds that GARM is ‘apolitical’ and ‘voluntary.’

Republicans aren’t so sure and suggest in their letters to the major corporations that GARM ‘has deviated far from its original intent, and has collectively used its immense market power to demonetize voices and viewpoints the group disagrees with.’

The committee previously released an extensive report outlining how it believes ‘large corporations, advertising agencies, and industry associations participated in boycotts and other coordinated action to demonetize platforms, podcasts, news outlets, and other content deemed disfavored by GARM and its members.’

The committee wrote, ‘For an organization reliant on speech and persuasion in advertising, GARM appears to have anti-democratic views of fundamental American freedoms. In discussing his views on freedom of speech, GARM’s leader and co-founder, Rob Rakowitz, has expressed frustration with an ‘extreme global interpretation of the US Constitution’ and complained about using ‘‘principles for governance’ and applying them as literal law from 230 years ago (made by white men exclusively).’ With this worldview, GARM pushed what it called ‘uncommon collaboration’ to ‘rise above individual commercial interest.’

The report claims that GARM facilitated advertising crackdowns on Elon Musk, Joe Rogan, Spotify, political candidates and news outlets, including Fox News, The Daily Wire and Breitbart News.

Musk has gone as far as to suggest taking legal action against GARM while referring to it as an ‘advertising boycott racket.’

Fox News Digital reached out to GARM for comment but did not immediately receive a response.

In a statement to the New York Post, a World Federation of Advertisers spokesperson called the Republican charges ‘unfounded.’

‘GARM is not involved in operational steps relative to monetization eligibility, content ratings, platform assessments or media investment decisions,’ the statement said.

This post appeared first on FOX NEWS
You Might Also Like
  • Kai Trump, Trump’s eldest grandchild, applauds ‘caring and loving’ grandfather at RNC: ‘He will fight’
  • White House: Developers of ‘powerful AI systems’ now have to report safety test results to government
  • Biden accuser Tara Reade posts cryptic message about death before potentially testifying to Congress
  • Maine public utility project supporter aims to stop vote on debt
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple
next post
Business is good in ‘Vacationland.’ It would be even better with more housing.

You may also like

The Supreme Court’s Complicity in Our Loss of Freedom

January 14, 2023

Beijing bristles as Chinese companies could face sanctions for Russia...

February 16, 2024

Republicans to spearhead oversight hearing on growing Chinese threat to...

March 14, 2024

IDF raid alleged Hamas compound inside school, find terrorism-themed puzzle,...

January 7, 2024

‘Not fit to serve’: Speaker Johnson leads GOP demands for...

July 21, 2024

House lawmakers visit Taiwan as China warns US to stay...

May 26, 2024

Biden admin denies ‘mass deportations’ of non-Mexicans in the works...

February 10, 2023

Israeli Prime Minister Netanyahu criticizes military’s plans for 11-hour daily...

June 17, 2024

‘Trump Employee 4’ retracts testimony after changing lawyers, implicates former...

August 23, 2023

Experts slam leaked UNRWA report claiming Israel coerced workers into...

March 11, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    President Biden invites Ukrainian President Volodymyr...

    December 11, 2023

    NPR CEO slams editor who exposed...

    April 16, 2024

    Morning Glory: The worst debate in...

    September 12, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here