Stellantis said on Monday it is pausing all paid advertising posts on Twitter as it waits to see what the platform will look like under the leadership of its new owner Elon Musk.
Stellantis was created from the merger of Fiat Chrysler and Peugeot (OTC:PUGOY) maker PSA.
Musk has said Twitter has suffered a "massive" revenue drop since he took over 10 days ago.
Twitter did not immediately respond to a request for comment.
Stellantis joins a number of major companies that have halted advertising on Twitter, including United Airlines, General Mills Inc (NYSE:GIS) luxury automaker Audi of America and General Motors Co (NYSE:GM).
Source: Investing.com
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