Musk questioned the present system in a series of tweets, which grants a blue checkmark, or "verification," to prominent users, including politicians, journalists, executives, and other persons and groups. Users have used it as a way to understand that the check mark denotes a real account. Similar authentication processes are used by Facebook and Instagram, two additional social networks owned by Meta.
By charging $8 per month for verification through Twitter Blue, Musk claimed he would give "power to the people." Participants will receive half as much advertising and have priority in mentions, replies, and searches, he claimed. The Tesla CEO added that publications eager to cooperate with the social media platform will let Twitter Blue subscribers "bypass" the paywall. "The cost of crime on Twitter will increase by several orders of magnitude," he asserted, and added that any Blue accounts that engage in spamming will be suspended. He claimed that this strategy would "destroy the bots."
It's uncertain whether these adjustments will actually be made.
The tech tycoon was reportedly considering charging as much as $19.99 a month for the Twitter Blue subscription, according to an earlier report from The Verge Sunday. Musk's thread comes in response to that report. According to reports, Twitter staff working on the project were given until November 7 to activate the functionality or face termination.
The CEO of SpaceX and Tesla completed the purchase of Twitter on October 28 and made an immediate impact there. SpaceX manufactures reusable rockets. He immediately dismissed Twitter's board of directors, chief executive officer, chief financial officer, and heads of the company's policy and legal teams. It is also said that Twitter’s new owner aims to reduce its workforce starting Friday. The remaining employees will be asked to return to the office. Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter. He is also making many other major changes in Twitter's setup.
Portugal's Lisbon Cathie Wood, the founder of Ark Invest, believes Elon Musk's concept for Twitter might be onto something. Wood said at the Web Summit technology conference in Lisbon, Portugal, that "he's thinking about a super app like WeChat Pay." Wood was referring to WeChat, a Chinese chat app, and its digital payments feature. In China, it is frequently used for things like payments, social media, and instant messaging. WeChat has been hailed as the prototypical example of the "super applications" phenomenon. These apps fulfill a variety of customer needs, including instant messaging, banking, and travel, by serving as all-in-one platforms. Musk has already given hints about his intentions to turn Twitter into a super app. According to Wood, Twitter may eventually resemble a digital wallet more since "you do all your banking there" and "maybe there's something they're doing with Cash Program," the online payment app created by Dorsey's fintech company Square. It's like your bank branch in a pocket; you do all of your shopping there, and you obtain all of your loans there. "I believe they can complete this."
Musk also tweeted that users who’ve been banned from Twitter for violating its rules—a group that includes former President Donald Trump—will not have the chance to return to the platform for at least another few weeks. Prior reports suggested Musk was planning to allow people who’d been kicked off Twitter for disciplinary reasons to come back. Let's see what the future of Twitter holds in Elon Musk's hands. Stay tuned for further updates!
He must improvise better options.
Always waiting to read articles from this author 👌
Lets see what happens next!
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