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GM temporarily suspends advertising on Twitter following Elon Musk takeover

GM temporarily suspends advertising on Twitter following Elon Musk takeover

General Motors is suspending its advertising on Twitter in the wake of Elon Musk's acquisition of the social media platform. "We are working with Twitter to determine the future direction of the platform under their new ownership" GM said. GM along with Musk's Tesla are adversaries. The company has stopped advertising on Twitter in the wake of Elon Musk's acquisition on the popular social media site. The Detroit automaker, which is a rival to Tesla's electric vehicle maker, led by Musk Tesla has announced that it will be "pausing" advertising while it analyzes the direction Twitter is taking in its…
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Why are General Motors (GM) and Ford (F) stock prices falling today?

Why are General Motors (GM) and Ford (F) stock prices falling today?

As worries over the worldwide economy raise, US automakers know quite well the results a stoppage can have on business. Notwithstanding sure improvements in the second from last quarter, experts forecast the business will put on the brakes as soon as possible. In an examination note, UBS's worldwide head of auto research, Patrick Hummel, said that "demand obliteration is presently not an unexplained gamble, yet has started to turn into a reality." Taiwan stocks down more than 4% in mixed Asia trade as TSMC plunges 8% Despite the fact that demand for electric vehicles has never been higher, GM and…
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