GM suspends paid Twitter advertising as Elon Musk takes ownership

Share via:

General Motors suspended paid advertising on Twitter for the time being, just one day after billionaire and Tesla CEO Elon Musk completed a $44 billion acquisition of the social media platform.

CNBC was the first to report on General Motors’ decision. The decision was confirmed by TechCrunch. “We are interacting with Twitter to better understand the platform’s direction under their new ownership,” the company said in an emailed statement to TechCrunch. “As is customary when there is a significant change in a media platform, we have temporarily paused our paid advertising.” Our Twitter customer service interactions will continue.” It’s unclear how much of GM’s overall advertising budget is allocated to Twitter.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

GM suspends paid Twitter advertising as Elon Musk takes ownership

General Motors suspended paid advertising on Twitter for the time being, just one day after billionaire and Tesla CEO Elon Musk completed a $44 billion acquisition of the social media platform.

CNBC was the first to report on General Motors’ decision. The decision was confirmed by TechCrunch. “We are interacting with Twitter to better understand the platform’s direction under their new ownership,” the company said in an emailed statement to TechCrunch. “As is customary when there is a significant change in a media platform, we have temporarily paused our paid advertising.” Our Twitter customer service interactions will continue.” It’s unclear how much of GM’s overall advertising budget is allocated to Twitter.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Acquisitions fuel Roojai’s 49% growth forecast after ‘worst year’

After overcoming a 2024 weighed down by costs,...

What Are the New Emojis in iOS 18.4? Here’s...

If you’re wondering what are the new emojis in...

Israeli fintech firm Nayax’s first layoffs hit 70 employees

Despite the layoffs, Nayax's share price has surged...

Popular

Upcoming Events

Khetika Bags $18 Mn To Sell Preservative-Free Processed Foods

SUMMARY The round was co-led by the Narotam Sekhsaria...

Smarten Power System Limited IPO Opens on July 07,...

Mumbai (Maharashtra) , July 7: Smarten Power System...

Bitcoin Hits Record Weekly Close, Next Stop $112K?

Bitcoin just made history by closing the week...
iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt
IPTV IPTV IPTV IPTV IPTV IPTV IPTV