Twitter today says it’s expanding its policies to prohibit financial scams on its platform — something you’d think would have already been banned, but apparently was never directly addressed through Twitter’s policy documentation. Instead, financial scams until now have been handled through Twitter’s spam reporting tool, which was expanded last year to specifically identify what exact type of spam a tweet contained.
Among the choices were options to indicate if the tweet contained malicious links, was from a fake account or was using hashtags or the reply function to post spam, among other things. It didn’t address the numerous sorts of financial spams that appear on Twitter, however.
The new policy better spells out what Twitter considers a financial scam.
Specifically, it says that using scam tactics to obtain money or private financial information is prohibited under the new policy, and users may not create accounts, tweets or send Direct Messages for this purpose.