GM suspends paid Twitter advertising as Elon Musk takes ownership

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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.

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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.

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