Allianz to Halt Paid Twitter Ads, for Now

German insurer and asset manager Allianz will halt its paid advertising on Twitter for now, a spokesperson said on Monday, the latest in a wave of similar moves by companies in the wake of Elon Musk’s takeover of the social media platform.

Germany’s Handelsblatt first reported the development.

(Reporting by Tom Sims; editing by Andrew Heavens)