L'Oréal Denies Suspending Advertising Spending on Twitter Despite Earlier Report

Per Reuters

L'Oréal denies an earlier report by Financial Times saying the cosmetics maker will suspend advertising spending on Twitter.

A company spokesperson said: "L'Oréal did not make any decision to suspend advertising spending on Twitter."

General Motors Co already put its paid Twitter advertising on a temporary halt amidst Elon Musk's takeover.

Ad sales represent more than 90% of Twitter's Q2 revenue.