Elon Musk's SpaceX Buys Advertising Package for Starlink on Twitter 6w5t3j Technology News

Twitter has seen rs flee on fears that Musk would change the company's content moderation rules. 3q3f2d

By Reuters | Updated: 14 November 2022 21:30 IST

Elon Musk's SpaceX Buys Advertising Package for Starlink on Twitter

Photo Credit: Reuters 3v6d2p

Elon Musk told rs that he aimed to turn Twitter to pursue truth, put an end to fake s

Highlights

Elon Musk owns the rocket company SpaceX, social media platform Twitter
Twitter generated over 90 percent of its Q2 revenue from ad sales
Tesla shares fell 4 percent after Musk said he had "too much work"

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SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of rs.

"Google," Musk tweeted on Monday.

SpaceX Starlink bought a tiny – not large – ad package to test effectiveness of Twitter advertising in Australia & Spain. Did same for FB/Insta/Google.
— Elon Musk (@elonmusk) November 14, 2022

Twitter, which generated more than 90 percent of its second-quarter revenue from ad sales, has seen rs flee on fears that Musk would change the company's content moderation rules.

Companies including Volkswagen AG paused advertising on the platform after Musk acquired it last month.

"At the moment, most clients are suspending their activities (on Twitter) because they're worried about extreme content and content moderation on the site," S4 Capital's Martin Sorrell said.

The chief executive of social media platform to pursue truth and put an end to fake s.

He also raised the possibility of Twitter going bankrupt days after disclosing that the platform had seen a "massive" drop in revenue and blamed activist groups pressuring rs.

A Platformer reporter said on Monday citing an internal email that Twitter has locked down its code base, freezing any production changes to its systems until further notice.

Meanwhile, Tesla shares fell 4 percent after Musk said he had "too much work" on his plate, with investors worrying he is too preoccupied with the social media platform when the world's most valuable automaker is facing production hurdles and rising competition.

© Thomson Reuters 2022

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