Following Tesla CEO Elon Musk’s acquisition of the social media business, General Motors (GM) said on Friday that it is stopping its Twitter advertising, The Hill reported.
Tesla’s competitor, GM, informed CNBC that it is “pausing” advertising on the website while examining the company’s future plans.
Despite the suspension of marketing, the firm claimed it would still utilize Twitter primarily for customer interactions.
After months of debating whether to follow through with his highly publicized deal to purchase the firm, Musk finally bought Twitter on Thursday.
The self-described “free speech absolutist” CEO of Tesla and SpaceX has hinted that he plans to relax Twitter’s content filtering policies. Critics have raised the concern that with him in charge, false information and hate speech would be encouraged to circulate more widely on the platform.
In a statement to advertisers this week, Musk sought to allay such worries by stressing that Twitter “cannot become a free-for-all hellscape, where anything can be said with no consequences!”
Additionally, the business tweeted that it would create a content moderation committee with “widely different opinions” that would meet before any significant content decisions were made.
He emphasized that “we have not yet made any modifications to Twitter’s content moderation policy” on Friday night.
One of the first businesses to decide to invest in the production of electric vehicles to compete with Tesla in that market was General Motors.
Ford Motor and Fisker are two other businesses that have contributed to the development of electric automobiles.
According to a representative for Ford Motor, the firm has not lately advertised on Twitter and did not do so before Musk bought the business.
As soon as Musk’s $44 billion offer to purchase Twitter was accepted by the social media platform’s board, Henrik Fisker, CEO of electric vehicle manufacturer Fisker, responded swiftly by canceling his account on the platform.
Although it no longer uses Twitter for advertising, the corporation still uses it.