Days after the world's richest man took sole control of the social media giant in a controversial $44 billion deal. Where refers to the platform's paid subscription service, Twitter Blue. Under the new plan, paying subscribers would receive Twitter's famous blue tick, indicating an authentic and verified account.
Twitter's new boss Elon Musk said Tuesday that the site will charge $8 a month to verify user accounts, arguing that the plan will solve the platform's problems with bots and trolls while also creating a new revenue stream for the company would create.
Days after the world's richest man took sole control of the social media giant in a controversial $44 billion deal. Where refers to the platform's paid subscription service, Twitter Blue. Under the new plan, paying subscribers would receive Twitter's famous blue tick, indicating an authentic and verified account.
Currently, this feature is only offered to public figures, an approach Musk describes as the "lord and pawn system." essential to combat spam/fraud. There would also be expanded video capabilities, fewer ads, and the ability for users to get a "paywall bypass for publishers willing to work with us," he said.
Currently, Twitter Blue allows users to access certain messages. Sites for free and ad-free, like the Los Angeles Times. "This will also provide Twitter with a revenue stream to reward content creators," Musk tweeted.
To address some Twitter users' concerns that its blue tick would lose prominence, it also announced "a secondary label under the name for someone who is a public figure, which is already the case for politicians.
The service that Twitter Blue currently offers several other premium features, such as the ability for subscribers to edit their tweets Purchasing Power Parity,” Musk added in response to his price at original tweet. Musk retweeted and responded to users praising the idea of paid verification, saying the move "will destroy bots."
I have to pay the bills" For users who currently have blue ticks, Musk is considering removing them if they don't pay for the new service, tech news outlet The Verge reported. Some users warned they would simply leave the SpaceX boss, and Tesla floated the idea of the $8 subscription fee early Tuesday in a Twitter reply to author Stephen King, who complained about media reports that the service -Verification could cost $20 per month. "We've got to pay the bills somehow!
Musk replied. “Twitter cannot rely entirely on advertisers. How about $8? The proposal is just part of a series of sweeping changes the 51-year-old has implemented at Twitter, with the entire board, including CEO Parag Agrawal, being fired last week.
The Washington Post reported that Musk, whose account bio currently reads "Twitter Complaint Hotline Operator," plans to lay off about 75 percent of his company's 7,500 employees.
Musk financed the massive deal with a mix of his own fortune, money from other investment groups and loans from banks that have to be repaid. His previous comments condemning Twitter's strict content moderation policy, as well as frequent meme posts testing boundaries, have paused some advertisers, who are currently the company's main source of income.
Some users have expressed concern that Twitter could become a global arena for hate speech and misinformation. tried to calm nervousness over the weekend that the site would not become "free hell for all" by announcing the formation of a Content Moderation Council.
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