Topline
Twitter suspended the account monitoring the whereabouts of the personal jet belonging to its billionaire CEO and proprietor Elon Musk on Wednesday—only a month after Musk promised the account was protected.
Musk’s two-month tenure as Twitter CEO has been eventful.
Key Info
“Nicely it seems @ElonJet is suspended,” Jack Sweeney, the 20-year-old faculty scholar operating the account with lots of of 1000’s of followers, acknowledged Wednesday morning shortly after different customers observed the ban.
It’s unclear what prompted the suspension, and the account web page merely says @ElonJet violated Twitter’s guidelines.
However it’s a significant shock coming from Musk, who acquired Twitter for $44 billion this yr and vowed to strip the platform of most content material restrictions.
Musk particularly stated the @ElonJet account was protected November 6, writing, “My dedication to free speech extends even to not banning the account following my airplane, though that could be a direct private security danger.”
Sweeney, Musk and Twitter didn’t instantly reply to emailed requests for remark.
Forbes Valuation
Musk is value $176.8 billion, based on our estimates, a forty five% dip from his $320 billion web value in November 2021. He’s the second-wealthiest man on the earth, shedding his mantle because the richest particular person on earth final week.
Key Background
Musk is the CEO of three multibillion-dollar corporations, Twitter, Tesla and SpaceX, regardless of claiming he has no want to guide any firm. His tumbling fortune is generally because of Tesla’s dismal 2022, with its shares down 69% yr so far thanks largely to traders’ issues about Musk dedicating an excessive amount of of his time to his new plaything, Twitter. The proliferation of hate speech on Twitter since Musk’s takeover and subsequent reinstatement of most beforehand banned accounts has led main advertisers like Audi, Pfizer and Chipotle to drag out from the platform, fueling issues about how Twitter can enhance earnings with dwindling advert {dollars}.
Stunning Reality
Sweeney stated in January that Musk provided him $5,000 to take down the account.
Additional Studying
Well-known Personal Jet House owners—And The 20-Yr-Outdated Pupil Who Tracks Their Each Transfer (Forbes)
