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Ford and General Motors Suspend Paid Advert on Twitter After Elon Musk Takes Over as New Owner

Ford and General Motors have disclosed plans to halt paid advertisements on Twitter

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Following the takeover of Twitter Inc by Elon Musk, two American automobile companies, Ford and General Motors have disclosed plans to halt paid advertisements on Twitter.

Both major auto companies said the suspension is necessary to protest against the reinstatement of a former United States President, Donald Trump, and to monitor the changes under the new leadership. 

It would be recalled that Elon Musk promised to reinstate Trump’s Twitter account after it was suspended in 2021. 

Twitter Incorporated had accused Donald Trump of instigating violence which led to a drastic attack on the U.S Capitol. The U.S Capitol is the seat of the United States Legislative arm of government.

Although General Motors disclosed on Friday that it is in talks with Twitter to better understand the new change that Elon Musk has promised to bring to Twitter, the automobile company however noted that it will stop paid advertisements on the platform in the meantime. 

“We are engaging with Twitter to understand the direction of the platform under their new ownership. As in the normal course of business with a significant change in the media platform, we have temporarily paused our paid advertisement,” David Barnas, General Motors spokesperson noted in a statement. 

Investors King learnt that Elon Musk has promised to make some significant changes to the Twitter platform. Apart from reinstating Trump’s account, Elon Musk has promised to allow the social media platform to accommodate all views, both far left and far right. 

He noted that any account “suspended for minor and dubious reasons” will be reinstated. Although he did not explain what he means by “minor” and “dubious”. 

Symbolising the acceptance of free speech on the microblogging platform, Elon Musk tweeted “the bird is freed” immediately after he concluded his acquisition of Twitter Inc. 

Meanwhile, Investors King earlier reported that the new Twitter owner, Elon Musk has fired Twitter CEO Parag Agrawa, CFO Ned Segal, and Legal Adviser Vijaya Gadde

Among other reasons, sources claimed he fired the top executives because they misled him with the number of fake accounts on the Twitter platform during the negotiation process. 

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Elon Musk Envisions X as the Future of Your Financial Life

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Tech visionary Elon Musk unveiled his vision for X, aiming to transform it into the epicenter of people’s financial worlds by the end of 2024.

Musk’s plan transcends mere payment solutions, targeting nothing short of the complete financial ecosystem, including money and securities. “You won’t need a bank account,” he affirmed.

X, led by CEO Linda Yaccarino, sees this as an ambitious opportunity that could reshape the financial landscape as we know it.

Musk expressed his unwavering commitment to the cause, stating, “It would blow my mind if we don’t have that rolled out by the end of next year.”

This ambition traces back to Musk’s dot-com-era online bank, X.com, which later evolved into PayPal. Musk aims to take a page from his earlier playbook, hoping to outshine PayPal with a more comprehensive approach.

The platform’s offerings are set to include high-yield money market accounts, debit cards, checks, and loan services. Musk’s endgame? An ecosystem that empowers users to send money worldwide instantly and in real-time.

However, this transformation is not without its challenges. Elon Musk must convince users of the necessity of such an all-encompassing platform while gaining their trust with their financial lives.

The vision of X as an “everything app” resonates with the rise of super apps like WeChat in China, which provide users with access to a myriad of services, from shopping to transportation.

As X positions itself to revolutionize the financial industry, Musk’s audacious endeavor promises to change the way we handle money, potentially eliminating the need for traditional banking as we know it.

The world watches with bated breath to see if Musk’s bold vision will become a reality.

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WhatsApp Introduces Dual Account Feature, Enabling Users to Sign Into Two Accounts

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WhatsApp has introduced a groundbreaking innovation that promises to redefine the user experience.

This new feature allows individuals to simultaneously manage two WhatsApp accounts on a single device, eliminating the need for dual phones.

The eagerly anticipated announcement was made by Mark Zuckerberg, Facebook’s CEO, who assured Android users that this feature will soon grace their screens.

Gone are the days of juggling multiple WhatsApp accounts, a task that often required carrying two separate devices. While tech giants like Xiaomi and Oppo had previously introduced app cloning features for multiple WhatsApp instances, WhatsApp’s integrated approach sets a new standard for seamlessness.

This innovation is poised to be a game-changer for users who navigate both personal and professional realms on this ubiquitous messaging platform.

Cumbersome login-and-logout routines and the perpetual concern of messaging from the wrong account will soon be a thing of the past, replaced by a newfound ease of multitasking.

Activating this feature is a straightforward process. Users need only navigate to the ‘Settings’ menu and select ‘Add Account.’ During setup, a second phone with a SIM card or a device supporting eSIM technology is required to unlock the full potential of multi-SIM functionality.

WhatsApp ensures that each account can have its own customized notification and privacy settings, preserving data integrity and personalization.

In addition to the dual account feature, WhatsApp recently introduced passkey support for Android, enhancing security by providing an alternative to SMS-based two-factor authentication.

This latest advancement underscores WhatsApp’s dedication to user convenience, connectivity, and digital identity security, setting the stage for a more organized and efficient way of communication.

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X Takes on Bots: New Zealand and Philippines Users Pay $1 Subscription

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X, formerly known as Twitter, has embarked on a bold initiative to combat the growing menace of bots and spammers on its platform.

The company, now owned by Elon Musk, recently rolled out a new subscription plan in New Zealand and the Philippines, requiring new users to pay a mere US$1 per year for access to essential functions like tweeting, replying, retweeting, and liking.

The move, dubbed ‘Not A Bot,’ is designed to fortify X’s ongoing efforts to curb spam, manipulation, and bot activity. New users in these countries must first verify their phone numbers and then pay the nominal fee to post, like, reply, repost, quote posts, and bookmark.

Those who opt out of subscribing will be restricted to “read-only” actions, such as reading posts, watching videos, and following accounts.

Elon Musk, who has been at the helm of X, explained the rationale behind this strategy. Bots, he noted, are inexpensive to set up, costing only a fraction of a penny.

By imposing a nominal fee, X aims to deter bot operators and make it more challenging for them to create multiple accounts.

This move is a part of Musk’s broader vision for transforming X into an all-encompassing app, including payment services.

Musk has been exploring alternative revenue sources as ad revenue declined by 60% due to advertiser boycotts and concerns over content management.

As the ‘Not A Bot’ program unfolds, it holds the potential to revolutionize the fight against bots and spammers, making social media a safer and more authentic space for users. X is eager to assess the program’s effectiveness and may consider expanding it to all users in the future.

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