According to information received, General Motors Company (GM) temporarily halted all of its paid advertising on Twitter after Elon Musk successfully completed his takeover of the social media company.
The General Motors Company is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008.
Just as we published few days ago, the world’s richest man, American Billionaire, Elon Musk finally took over the social media platform, Twitter after completing his $44 billion deal and becoming its new owner, and hence firing the fomrer ceo as well as other top executives.
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The Detroit automaker, GM, a rival to Musk-led electric vehicle maker Tesla revealed in a statement that it has temporarily stopped all of its sponsored Twitter adverts as it works to comprehend the platform’s direction under its new Elong Musk leadership.
GM added that while it would still utilize the platform to communicate with customers, it would forego paying for advertisements.
“We are engaging with Twitter to understand the direction of the platform under their new ownership. As is normal course of business with a significant change in a media platform, we have temporarily paused our paid advertising. Our customer care interactions on Twitter will continue,” the company said in an emailed statement.
Twitter is however yet to respond to the news.
