Stellantis Stops Twitter Advertising While Musk Is Controlled

Stellantis said on Monday that it would cease all sponsored advertisements on Twitter as it awaits the platform's evolution under Elon Musk's leadership.

The automaker told Reuters, "We are suspending paid advertising posts on Twitter until we have a clearer understanding of the platform's future under its new leadership." Stellantis was created by the merger of Fiat Chrysler and PSA, the maker of Peugeot automobiles (OTC:PUGOY).

Musk has said that Twitter's revenue has decreased "massively" since he acquired control ten days ago.

Twitter did not immediately respond to a request for comment.

Stellantis has suspended advertising on Twitter, joining United Airlines, General Mills Inc (NYSE:GIS), Audi of America, and General Motors Co. (NYSE:GM).

Gilead Sciences Inc. (NASDAQ:GILD) said on Monday morning that the company and its subsidiary Kite were "in the process of discontinuing advertising" on Twitter.