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GM said to temporarily stop advertising on Twitter after Musk takeover


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Special To The Auto Channel
From Joshua Fineman, SA News Editor

  • General Motors is temporarily suspending its advertising on Twitter after Tesla (TSLA) CEO and billionaire Elon Musk took over the social media company with his $44 billion acquisition.
  • General Motors (GM) is temporarily halting its advertising as it looks at Twitter's new direction under Musk, according to a CNBC report, which cited the automaker.
  • “We are engaging with Twitter to understand the direction of the platform under their new ownership, GM said in statement to CNBC. " 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."
  • Tesla (TSLA) and General Motors (GM) compete in the market for electric vehicles.

GM to Fox Business: "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".