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Twitter Will Now Suspend or Remove Accounts Promoting Links to Some Social Media Platforms [Update]

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Update (12/18/22) – Twitter Support’s Tweet and the Help Center article about this new “promotion of alternative social platforms policy” have been removed. Additionally, Elon Musk has said, “going forward, there will be a vote for major policy changes. My apologies. Won’t happen again.”

The original story follows.

Twitter has enacted a new “promotion of alternative social platforms policy” that will see accounts being suspended or removed if they promote their accounts from other such platforms as Facebook, Instagram, Mastodon, and more.

Twitter explained the details of this decision on its Help Center, saying it will “no longer allow free promotion of specific social media platforms” through tweets or on account bios. This includes linking out to another social media platform with URLs or even simply “providing your handle without a URL.”

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The prohibited platforms include Facebook, Instagram, Mastodon, Truth Social, Tribel, Post, Nostr, and “3rd-party social media link aggregators such as linktr.ee [and] lnk.bio.”

Twitter gave a few examples as to what constitutes as a violation, and they are as follows;

  • “follow me @username on Instagram”
  • username@mastodon.social
  • check out my profile on Facebook – facebook.com/username

Accounts that are used only for promoting content on another platform “may be suspended,” and any attempts to bypass these restrictions through “technical or non-technical means (e.g. URL cloaking, plaintext obfuscation) is in violation of this policy.” This means users should not spell out “dot” or post a screenshot of “prohibited social media platforms” to get around these restrictions.

While promotion is no longer accepted, the company will allow for “users to post content to Twitter from these platforms.” Additionally, Twitter will allow for “paid advertisement/promotion for any of the prohibited social media platforms.”

Elon Musk and His $44 Billion Takeover of Twitter: The Story So Far

It can be tough to keep track of everything that’s happened so far, so we’ve created this timeline of events to help keep you up-to-date on the goings on at Twitter and Elon Musk’s actions. We will also be updating this article and slideshow as further events occur.” src=”https://assets-prd.ignimgs.com/2022/11/11/image-1668197701131.png?width=888&crop=16%3A9&quality=20&dpr=0.05″ class=”jsx-2920405963 progressive-image jsx-3998823930 image aspect-ratio aspect-ratio-16-9 jsx-1330092051 jsx-3166191823 rounded loading”>

If you happen to violate one of these policies and it is an “isolated incident” or a “first offense,” Twitter will temporarily suspend you account until you delete the Tweets in question. If you continue to violate this policy, your account my be permanently suspended. The same goes for account names or bios.

It will be interesting to see how this plays out, especially considering this new policy may be in “direct violation of European Union rules.” According to Judd Legum, there could be a penalty of a fine of up to 20% of Twitter’s annual revenue if Twitter is found to be in violation.

The linked article mentions “Gatekeeper platforms may no longer” perform such actions as “prevent consumers from linking up to businesses outside their platforms.”

For more, check out our timeline of all the biggest moments that have happened since Elon Musk made it known he was planning on purchasing Twitter for $44 billion.

Have a tip for us? Want to discuss a possible story? Please send an email to newstips@ign.com.

Adam Bankhurst is a news writer for IGN. You can follow him on Twitter @AdamBankhurst and on Twitch.

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Indian tycoon Adani hit by more losses, calls for probe

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NEW DELHI (AP) – Trading in shares in troubled Adani Enterprises gyrated Friday as the flagship company of India’s second-largest conglomerate tumbled 30% and then rebounded after more than a week of heavy losses that have cost it tens of billions of dollars in market value.

The debacle, which led Adani to cancel a share offering meant to raise $2.5 billion, has drawn calls for regulators to investigate after a U.S. short-selling firm, Hindenburg Research, issued a report claiming the group engages in market manipulation and other fraudulent practices. Adani denies the allegations.

Opposition lawmakers blocked Parliament proceedings for a second day Friday, chanting slogans and demanding a probe into the business dealings of coal tycoon Gautam Adani, who is said to enjoy close ties with Prime Minister Narendra Modi.

“We have no connection″ with the Adani controversy, Parliamentary Affairs Minister Pralhad Joshi told reporters outside Parliament on Friday.

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In an interview with CNN News 18, Finance Minister Nirmala Sitharaman brushed off concerns that the losses would spook global investors and said India’s financial market was “very well regulated.”

“As a result, the investors’ confidence which existed before shall continue even now,” she said, adding that the controversy wasn’t “indicative of how well Indian financial markets are governed.”

Amit Malviya, the governing Bharatiya Janata Party’s information and technology chief, said in a television interview that the opposition was using Adani’s crisis to target the Modi government over a private company’s shares and their market movements. “Regulators are looking into” what happened, he said.

The market watchdog, the Securities and Exchange Board of India, has not commented. The Economic Times newspaper reported, citing unnamed SEBI sources, that it had asked stock exchanges to check for any unusual activity in Adani stocks.

Shares in Adani Enterprises fell as much as 30%, to 1,017 rupees ($12), on Friday. At the end of trading, the price had recovered to 1,531 rupees ($18.70) but was still down by 2%. The company’s share price has plunged more than 50% since Hindenburg released its report last week, when it stood at 3,436 rupees ($41). Stock in six other Adani-listed companies were down 5% to 10% on Friday.

So far there has been no indication that the company’s woes might threaten the wider financial sector in India. Its equities market is large enough to sustain the fallout at this moment, said Brian Freitas, a New Zealand-based analyst with Periscope Analytics who has researched the Adani Group.

“Adani stock forms a small part of the equities market and investor concerns right now are restricted to the company, not the whole system or market itself,” Freitas said. India’s Nifty and Sensex indexes were both higher on Friday.

It could take time for problems to surface, Shilan Shah of Capital Economics said in a report. “From the macro perspective there are few signs of contagion,” he said. “But it is too early to sound the all clear.”

The S&P Dow Jones indices said Thursday it would remove Adani Enterprises from its sustainability indices beginning Tuesday, following a “media and stakeholder analysis triggered by allegations of stock manipulation and accounting fraud.”

That might dent the Adani Group’s sustainability credentials and could affect investor sentiment, Freitas said.

Adani, who made a vast fortune mining coal and trading before expanding into construction, power generation, manufacturing and media, was Asia’s richest man and the world’s third wealthiest before the troubles began with Hindenburg’s report.

By Friday, his net worth had halved to $61 billion, according to Bloomberg’s Billionaire Index, where he dropped to the 21st spot worldwide.

He has said little publicly since the troubles began, though in a video address after Adani Enterprises canceled its already fully subscribed share offering he promised to repay investors. The company has said it is reviewing its fundraising plans.

Hindenburg’s report said it was betting against seven publicly listed Adani companies, judging them to have an “85% downside, purely on a fundamental basis owing to sky-high valuations.” Other issues in the report included concerns over debt, alleged use of offshore shell companies to artificially raise share prices and past investigations into fraud.

Adani’s speedy, debt-led expansion in recent years caused his net worth to shoot up nearly 2,000%. Even before last week, critics said his ascent was aided by his apparent close ties to Modi and his government. Analysts say he has been successful at aligning his priorities with those of the government by investing in key sectors, but point out that he also has major infrastructure projects in states that are ruled by opposition parties.

“The question now turns to the future of the Adani Group and how they will grow,” said Aveek Mitra, founder of Avekset Financial Advisory.

As a company heavily involved in infrastructure — from airports and ports to highways — it needs financing to grow in order to service its debt, which stands at $30 billion, out of which $9 billion is from Indian banks.

Adani may be able to sell some assets and continue its expansion, but at a much slower pace than earlier, Mitra said.

“Banks, financial institutions and investors will think five times before investing now,” he added.

Associated Press writer Ashok Sharma contributed to this report.

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Ottawa expands price caps to Russian petroleum products to reduce revenues

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OTTAWA — The federal Finance Department says Canada is joining its fellow G-7 countries plus Australia to expand caps on Russian oil to include seaborne petroleum products from that country.

The department says the maximum price for seaborne Russian-origin petroleum will be US $100 per barrel for “premium-to-crude” products as of Sunday, and US $45 for “discount-to-crude” products.

It says in a press release the new caps build on a Russian crude oil price limit announced in December, adding both moves will weaken President Vladimir Putin’s ability to fund the war against Ukraine.

The Department of Finance says the caps will be enforced by prohibiting buyers who do not abide by the price caps from obtaining services from companies in the G7 or Australia.

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It says the price cap mechanism has been designed to reduce Russian revenues while recognizing the importance of stable energy markets and minimizing negative economic effects.

Finance Minister Chrystia Freeland says Russian oil revenues have already declined since the first price cap took effect and the additional price caps “will be another blow to Putin’s war chest.”

This report by The Canadian Press was first published Feb. 4, 2023.

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This story was produced with the financial assistance of the Meta and Canadian Press News Fellowship.

 

The Canadian Press

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Adani crisis ignites India contagion fears, credit warnings – Al Jazeera English

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  1. Adani crisis ignites India contagion fears, credit warnings  Al Jazeera English
  2. Indian tycoon Adani hit by more losses, calls for probe  CP24
  3. Adani Flagship Shelves $122 Million Bond Plan After Market Rout  BNN Bloomberg
  4. How Adani selloff stacks up against the biggest stock collapses  Deccan Herald
  5. Adani response to Hindenburg report: Embattled corporations invoking nationalism, or national sentiment, is not unheard of  The Indian Express
  6. View Full Coverage on Google News

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