Stellantis suspends paid Twitter ads following Elon Musk’s takeover

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Stellantis announced on Monday that it is suspending all paid advertising posts on Twitter while it awaits the platform’s new owner, Elon Musk.

In a statement to Reuters, the automaker said of Twitter, “We’re pausing paid advertising posts until we have a clearer understanding of the platform’s future under its new leadership.” Stellantis was formed by the merger of Fiat Chrysler and Peugeot manufacturer PSA. Musk claims that Twitter’s revenue has dropped “massively” since he took over 10 days ago.

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Stellantis suspends paid Twitter ads following Elon Musk’s takeover

Stellantis announced on Monday that it is suspending all paid advertising posts on Twitter while it awaits the platform’s new owner, Elon Musk.

In a statement to Reuters, the automaker said of Twitter, “We’re pausing paid advertising posts until we have a clearer understanding of the platform’s future under its new leadership.” Stellantis was formed by the merger of Fiat Chrysler and Peugeot manufacturer PSA. Musk claims that Twitter’s revenue has dropped “massively” since he took over 10 days ago.

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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