Microblogging website Twitter has announced that it paid its Chief Executive Office Jack Dorsey $1.40 (approximately Rs 100) in 2018. Twitter CEO is known for declining all the direct compensation and benefits from the company for 2015, 2016 and 2017. Last year, he declined the compensation and benefits and only accepted a salary of Rs $1.40, according to an SEC that has been filed by the social media company.
We should mention that there are other CEOs and top-level executives in Silicon Valley who are also known to be doing the same. The best-known example of this is Apple co-founder Steve Jobs, who only took $1 from the Cupertino-based technology giant for fifteen years. Facebook CEO Mark Zuckerberg has also revealed that his salary is $1 per annum, however, he gets a number of other compensations from the social media giant.
Snap CEO Evan Spiegel also takes $1 as his salary every year. Google co-founders Larry Page and Sergey Brin are also among the notable personalities who have been taking $1 as their salary from the search giant. In India, Infosys’ NR Narayana Murthy also draws $1 as salary. Two more prominent CEOs from the technology industry who earn a salary of $1 are Tesla‘s Elon Musk and HP’s Meg Whitman.
In addition to this, the microblogging website said that it has reduced the number of accounts that a user can follow in a single day to cut down on spam on its platform. As a part of the latest move, the total number of people that a user can follow on a given day has come down to 400 from 1,000.
Twitter said in a tweet, “Follow, unfollow, follow, unfollow. Who does that? Spammers. So we’re changing the number of accounts you can follow each day from 1,000 to 400. Don’t worry, you’ll be just fine.”
Follow, unfollow, follow, unfollow. Who does that? Spammers. So we’re changing the number of accounts you can follow each day from 1,000 to 400. Don’t worry, you’ll be just fine.
— Twitter Safety (@TwitterSafety) April 8, 2019
This has been done because there are a number of bots on the platform that follow a massive number of real people and a few of them tend to follow them back. With a high follower count, the status of these bot accounts escalates on the platform, and then they misuse it to promote website links on Twitter.
Twitter has regulations that bar people from spreading spam which, the microblogging website defines as, “bulk or aggressive activity that attempts to manipulate or disrupt Twitter or the experience of users on Twitter to drive traffic or attention to unrelated accounts, products, services, or initiatives.”