Report: Twitter Has Lost Half Of Its Top 100 Advertisers

November 26, 2022 Business, Social Media

Half of Twitter’s top 100 advertisers appear to no longer be advertising on the website. A report from Media Matters for America states that these 50 advertisers have spent almost $2 billion on Twitter ads since 2020 and more than $750 million just in 2022.

Seven additional advertisers have slowed their advertising to almost nothing, according to the report, which was published on Tuesday. These companies have paid Twitter more than $255 million since 2020.

Chevrolet, Chipotle Mexican Grill, Inc., Ford, Jeep, Kyndryl, Merck & Co. and Novartis AG all issued statements about halting Twitter ads. The others ceased advertising on the platform for a “significant period of time following direct outreach, controversies, and warnings from media buyers.”

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Half of Twitter’s top 100 advertisers appear to no longer be running ads on the website, according to a new report. Collectively, the advertisers have spent more than $750 million in 2022 alone.https://t.co/TVJj5Id0if

— NPR (@NPR) November 25, 2022