Elon Musk’s X social media platform shuts down promoted accounts ad business: report

Social media company X, formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform’s timeline to attract new followers, Axios reported on Tuesday, citing an email to advertising clients.

Promoted accounts, or “Follower Objective” ads, generate more than $100 million annually in global revenue for X, according to the report.

X did not immediately respond to a Reuters request for comment.