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Twitter’s top advertisers leave en masse following Musk entrance

Twitter’s top advertisers are leaving the social media agency en masse, as Elon Musk’s grand plans scare away marketeers.

More than a 3rd of Twitter’s top 100 entrepreneurs haven’t marketed on the Elon Musk website within the final two weeks, in accordance with evaluation from the Washington Post.

The evaluation from Pathmatics information reckons that 14 of the top 50 advertisers have fled the Twitter nest, with quite a lot of blue-chip corporations not posting adverts for the reason that billionaire formally took over the corporate on 27 October.

The exodus of marketeers has been a problem since Musk took the reins, with family names like General Motors, Merck, Kellogg and Mondelez all pausing their adverts on the location, as fears over potential content material moderation modifications, blue tick verification and mass employees layoffs mount.

In a bid to spice up confidence within the floundering tech agency, Musk-owned SpaceX snapped up a Twitter bundle earlier this month to check the social media promoting in Spain and Australia.

Twitter weren’t instantly obtainable to remark.

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