Elon Musk, who recently acquired control of the microblogging network in a $44 billion deal, responded to bestseller author Stephen King’s tweet expressing dissatisfaction over the anticipated cost for a verified badge.
There have been rumours that Twitter would soon begin charging verified users a monthly charge for the blue ticks on their handles, Mr King said, “$20 a month to keep my blue check? F*** that, they should pay me. If that gets instituted, I’m gone like Enron.”
The monthly charge is the subject of much rumour, with some reports stating it will be around $5 per month and others estimating it to be as high as $20. The author’s tweet on Enron relates to the significant US corporation’s spectacular collapse following years of explosive growth.
Responding to Mr King’s tweet, Mr Musk said, “We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?”
Many people believe it is not worthwhile to pay for a blue tick, while others contend that there is nothing wrong with charging individuals for the blue tick. The buzz surrounding the charge for a certified badge has ignited a heated debate.
According to Musk, who oversaw the dramatic events that led to the dramatic developments of the Twitter takeover that also reached the court, the verification process for accounts is being updated. He made no further explanations.
If the initiative is approved, users would have to pay $4.99 per month for Twitter Blue in order to keep their “verified” badges.
Although the project may still be shelved because the CEO of Tesla Inc. has not made a final decision, Platformer predicts that verification will most likely be included in Twitter Blue.
Musk dissolves Twitter’s board of directors
In order to further solidify his authority over the social media network, Elon Musk earlier dissolved the Twitter’s board of directors.
After purchasing the business last week, the multi-billionaire will serve as its CEO, putting an end to months of negotiations over the $44 billion acquisition.
He has taken swift action to leave his stamp on the company, which is utilised by journalists and politicians all over the world.
He is thinking about making adjustments to Twitter’s verification process and eliminating positions. According to reports, the first round of layoff is being discussed and may affect 25 per cent of the company’s workforce.