Elon Musk‘s Twitter is about to make some big changes, including charging for its Blue-tick verification service. The price for Blue-tick will be $8 per month, adjusted according to purchasing power parity. The service will give subscribers priority in replies and the ability to post longer videos. It will also feature half the number of ads as non-subscribers.
Elon Musk’s plans for Twitter
Elon Musk’s plans for Twitter seem to revolve around increasing its revenue. He has previously stated that the company plans to make more money by introducing new products, and he hopes to have 104 million active users by 2028. However, the move has drawn criticism from some users. As a result, Musk is planning to cut some of the company’s employees next year. He also plans to hire more staff in the next few years, and by 2025, the company’s total number of employees will be 11,072.
Musk’s plans for Twitter raise important questions about the future of the service. For starters, he plans to make the algorithm open source, which would help fight spambot accounts. However, this could also lead to a drastic reduction in staff. This is something Musk must account for before allowing his plan to become a reality.
Changes to the platform’s verification system
Twitter’s verification system has been under fire for a few reasons. While the platform already verifies a vast number of accounts, the current verification process has made it difficult for some accounts to earn the “official” label. Currently, only some media outlets and government agencies can earn the official label. In an effort to combat this problem, Elon Musk has proposed making the label available to more people. The new system will also allow commercial accounts to earn the official label as well.
Twitter’s verification system was introduced in 2009 in an effort to ensure that high-profile accounts were legitimate. However, the platform’s experts have criticized the current system and the idea of making checkmarks available to everyone. These experts believe that making checkmarks freely available could lead to impersonation, misinformation, and scams. Therefore, the new system will require a $7.99 monthly subscription for its users.
Cost
Twitter CEO Elon Musk said that a verified account on Twitter could cost $8 per month. This idea has been met with a backlash among users. Elon Musk called the current system of allocating blue check marks “bullshit” and said that people should pay for the service. Ultimately, he wants to decrease the reliance of Twitter on advertising.
The new price will be more reasonable, though. Previously, Twitter Blue cost $2.99 per month. The price increase is still less than the previously reported $20 per month, but it still represents a nearly 167 per cent increase in one year. The company had floated the $20 fee to Stephen King, but he and other Twitter users scoffed at the idea.
Opponents of charging for Blue-tick
Twitter is facing a backlash from critics who say that charging for Blue-tick verification is a scam. The new system will allow users to pay a small fee for a verification that will let others know that their account is legitimate. However, this fee is likely to be proportionate to the purchasing power of the users. The company plans to offer the blue tick to everyone, not just publishers. Musk says the move will help combat the “class divide” within the app.
The Blue-tick will come with a badge, which indicates that the account is verified. This badge is valuable for people who want to establish a presence on the site and gain credibility. It will cost about $5 a month and will appear in the profile of verified users.