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Election misinformation is spreading across social media platforms like Twitter and Meta Platform's Facebook, as the vote count for the U.S. midterm elections continued on Wednesday in key battleground states, experts said.

Elon Musk will host a town hall with Twitter's advertisers on Wednesday at 10 a.m. Pacific (1800 GMT), according to an email reviewed by Reuters, in an effort to assuage brands and advertising agencies that are increasingly backing away from the social media platform.

Last week, Musk admitted that Twitter has seen a “massive drop in revenue” due to lost ads.

Elon Musk has a lot of work to do to regain the trust of advertisers, but he seems more inclined to push them further away.

Elon Musk said in a tweet on Wednesday that he "killed" the new official label for Twitter accounts, on the same day that it began rolling out.

Twitter owner Elon Musk said he has already "killed" the new "official" designation Wednesday, which already started rolling earlier in the morning.

Elon Musk is progressing plans to slim down Twitter since he bought the 396 million-member platform for US$44 billion (£38 billion) on October 27. Musk's deal has taken Twitter private, dissolved the platform's board and enhanced his unilateral power as CEO.

The elusive "blue tick" on Twitter, once granted to high-profile users like politicians, celebrities and journalists to verify their identity, is now available for purchase. Twitter's new owner, Elon Musk, has launched Twitter Blue, a monthly subscription service for US$7.99 (£7) that will give users blue tick status and, eventually, perks including fewer advertisements.

There have been new rumors surface that Musk may be considering putting the entire Twitter platform behind a paywall.

Twitter will mark the accounts of government officials, media outlets, and other public figures with an "official" label once changes to the platform's blue checkmarks come into force.