By Adeyemi Adepetun
Twitter owner, Elon Musk, has said that the micro-blogging platform suspends accounts found engaging in non-sequitur self-promotion or misleading advertising.
Musk in a Twitter announcement yesterday, said accounts that deceitfully attempt to manipulate the algorithm to promote their business or brand would be suspended going forward.
He said, “Accounts that try to game our verification system with non-sequitur self-promotion or advertise in a misleading way will be suspended.”
A non sequitur is any conversation or message that does not logically follow or relate to the existing information.
Derived from a Latin word that means, “does not follow,” non-sequitur self-advertising can be observed when certain accounts make tweets that are unrelated to the ongoing conversation in order to increase their reach. This often involves advertisers posting under a tweet from a well-known brand or a trending topic to promote their own business.
The announcement received positive response from social media users. Many believe that the new policy will help reduce spammy comments and irrelevant advertisements on timelines.
Users appreciate that Musk’s new policy will encourage people to behave responsibly and refrain from advertising under posts that are unrelated to their business or the ongoing conversation.
Meanwhile, Musk has once again solidified his position as the world’s wealthiest individual as of June 18, 2023.
According to an updated Bloomberg Billionaires Index report, Tesla’s Elon Musk, now boasts a net worth of around $233 billion, surpassing LVMH Chief Executive Officer, Bernard Arnault, who has a net worth of $202 billion. This development comes after Musk’s earlier ascent to the top spot, with Arnault relegating him to second place a few months ago.
Musk and Arnault have been engaged in a fierce battle for the number-one position for several months now, especially since Arnault initially claimed the top spot in March of this year.
A breakdown of Musk’s net worth revealed that the majority of his wealth stems from his electric car company, Tesla, estimated at $107 billion.
Musk, the 51-year-old billionaire’s private assets in Space Exploration Technologies Corporation currently amount to $48.9 billion, while his ownership of The Boring Company adds $3.3 billion. Musk’s recent acquisition of Twitter further boosts his net worth, with the social media platform serving as a private asset worth $8.80 billion.
Recall that in April 2022, Musk offered to acquire Twitter Inc for a staggering $44 billion. After a series of negotiations, the deal was finalised in October 2022.
As of May 2022, the CEO of Twitter-owned about 79 per cent of the company’s stock, based on information disclosed by external investors.
At the time of this report, Tesla shares were trading at $206.54, up by 1.81 per cent.
On the other hand, Musk’s formidable competitor, Bernard Arnault, currently holds an estimated wealth of $202 billion. As the chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury goods manufacturer, Arnault possesses approximately half of LVMH, which recorded revenues of €79.2 billion ($83.4 billion) in 2022.
Source: The Guardian