DIRS.INFO The most relevant business & tech news

☆ Oreo maker Mondelez pulls ads off Twitter, citing hate speech -CEO
▼ + stars: | 2022-11-08 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +1 min

"What we’ve seen recently since the change on Twitter has been announced, is the amount of hate speech increase significantly," Van de Put said. Twitter last week laid off half its workforce as advertisers pulled spending amid concerns about content moderation. Twitter, which has lost many members of its communications team, did not immediately respond to a request for comment. Van de Put added that Mondelez, which makes Cadbury and Milka chocolates, is expecting a strong holiday season. Reporting by Jessica DiNapoli in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

DETROIT/WASHINGTON, Nov 7 (Reuters) - Stellantis (STLA.MI) said on Monday it is pausing all paid advertising posts on Twitter as it waits to see what the platform will look like under the leadership of its new owner Elon Musk. “We're pausing paid advertising posts until we have a clearer understanding of the future of the platform under its new leadership," the automaker said of Twitter in a statement to Reuters. Musk has said Twitter has suffered a "massive" revenue drop since he took over 10 days ago. Stellantis joins a number of major companies that have halted advertising on Twitter, including United Airlines (UAL.O), General Mills Inc (GIS.N) luxury automaker Audi of America and General Motors Co (GM.N). Gilead Sciences Inc (GILD.O) said earlier on Monday the company and its unit Kite were in the "process of pausing advertising" on Twitter.

☆ United Airlines suspends ad spending on Twitter
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: 1 min

Nov 4 (Reuters) - United Airlines Holdings Inc (UAL.O) joined the list of companies that are suspending ad spending on Twitter, a United spokeswoman confirmed late on Friday. Major brands such as General Mills Inc (GIS.N) and luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. Reporting by Rhea Binoy in Bengaluru and David Shepardson in Washington; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

The groups said on Friday they are escalating their pressure and demanding brands pull their Twitter ads globally. Staff who worked in engineering, communications, product, content curation and machine learning ethics were among those impacted by the layoffs, according to tweets from Twitter staff. Shannon Raj Singh, an attorney who was Twitter's acting head of human rights, tweeted on Friday that the entire human rights team at the company had been cut. Musk tweeted that his team had made no changes to content moderation and done "everything we could" to appease the groups. Employees of Twitter Blue, the premium subscription service that Musk is bolstering, were also let go.

☆ Musk says Twitter saw revenue slump as activist groups pressured advertisers
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

Nov 4 (Reuters) - New owner Elon Musk said on Friday that Twitter Inc had seen a "massive" drop in revenue and blamed activist groups pressuring advertisers. The world's richest person, who took control of the social media company last week, said the decline came "even though nothing has changed with content moderation and we did everything we could to appease the activists." Twitter recorded a fall in revenue in its last reported quarterly results in July, blaming Musk's $44 billion buyout proposal and a weakening digital advertising market. At a presentation for advertisers in May, some ad agencies and brands were already skeptical on concerns that Musk would scale back content moderation and security protection on the platform. read moreTwitter will form a content moderation council "with widely diverse viewpoints", Musk tweeted last Friday, adding that no major content decisions or account reinstatements will happen before the council convenes.

☆ Volkswagen tells brands to pause paid advertising on Twitter
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: 1 min

[1/2] A Volkswagen logo is seen on one of the German automaker's cars in a street in Sydney, Australia, October 8, 2015. REUTERS/David GrayHAMBURG, Nov 4 (Reuters) - Volkswagen (VOWG_p.DE) on Friday said it has recommended to its brands to pause paid advertising on Twitter until further notice in the wake of Elon Musk's takeover of the social media platform. "We are closely monitoring the situation and will decide about next steps depending on its evolvement," Europe's top carmaker said in a statement. The comments by Volkswagen group, which covers the VW, Seat, Cupra, Audi, Lamborghini, Bentley, Ducati and Porsche (P911_p.DE) brands, echoes similar remarks from other firms, including GM (GM.N) and General Mills Inc (GIS.N). Reporting by Jan Schwartz; Writing by Christoph SteitzOur Standards: The Thomson Reuters Trust Principles.

☆ General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter Ads
▼ + stars: | 2022-11-03 | by ( Suzanne Vranica | Patience Haggin | ) www.wsj.com time to read: 1 min

Food company General Mills Inc., Oreo maker Mondelez International Inc., Pfizer Inc. and Volkswagen AG’s Audi are among a growing list of brands that have temporarily paused their Twitter advertising in the wake of the takeover of the company by Elon Musk, according to people familiar with the matter. Some advertisers are concerned that Mr. Musk could scale back content moderation, which they worry would lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty at the company as top executives exit and Mr. Musk considers a raft of changes, some of the people said.

☆ Cheerios maker General Mills, Audi of America pause advertising on Twitter
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellyNov 3 (Reuters) - General Mills Inc (GIS.N) and Luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. "We will continue to monitor this new direction and evaluate our marketing spend," a General Mills spokesperson said. Audi of America, the Herndon, Virginia-based U.S. unit of Audi - a Volkswagen Group (VOWG_p.DE) brand - said it would "continue to evaluate the situation." The two companies join top U.S. automaker General Motors Co (GM.N), which last week said it had temporarily halted paid advertising on Twitter.

☆ Cheerios maker General Mills pauses advertising on Twitter
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: 1 min

Nov 3 (Reuters) - General Mills Inc (GIS.N) has paused advertising on Twitter, a company spokesperson said on Thursday, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. "We will continue to monitor this new direction and evaluate our marketing spend," the spokesperson added. The company, known for its Cheerios and Lucky Charms cereals, joins top U.S. automaker General Motors Co (GM.N), which last week said it had temporarily halted paid advertising on Twitter. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Oreo maker Mondelez lifts 2022 forecasts as snack demand holds up
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Mondelez International Inc (MDLZ.O) raised its full-year sales and profit forecasts on Tuesday, betting that consumers would continue to purchase its chocolates and biscuits despite higher prices. Shares of the Chicago-based snack maker rose about 2% in aftermarket trading. The Oreo maker said it now expects 2022 organic net revenue to increase more than 10%, compared with its prior estimate for a more than 8% jump. It forecast 2022 adjusted profit to grow over 10%, on a constant-currency basis, compared with its previous expectation for mid-to-high single-digit growth. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ General Mills raises full-year forecast on higher prices
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPackages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellySept 21 (Reuters) - Cheerios cereal maker General Mills Inc (GIS.N) raised its full-year forecast after beating quarterly profit estimates on Wednesday, banking on higher prices and resilient demand for its breakfast cereals, snack bars and pet food. The company now expects organic net sales to rise between 6% and 7% in fiscal 2023. Net earnings attributable to General Mills rose to $820 million, or $1.35 per share, in the three months ended August 28, from $627 million, or $1.02 per share, a year earlier. It also reported net sales of $4.72 billion in the first quarter, in line with analyst expectations, according to Refinitiv data.

☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
▼ + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?

Search resuls for: "Mills Inc"

12 mentions found