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Wednesday, May 29, 2024

Elon Musk effect on Twitter: Hefty monthly fee; only Twitter Blue users to edit, undo tweets? Check details


Twitter’s new owner Elon Musk has said that the verification process on the platform, which adds a blue tick next to the profile name, is being revamped.

According to a report by The Verge, Elon Musk is planning to charge users USD 19.99 (over Rs 1600) for the new Twitter Blue subscription that brings extra features like edit and undoing tweets.

As per this plan verified users would have 90 days to subscribe or lose their blue tick from their account.

Employees working on the project were told that they need to meet a deadline of November 7 to launch the feature or they will be fired.

The particular report comes a day after Musk in a tweet mentioned that Twitter will revise its user verification process. However, he did not share any detail related to the charges.

The Twitter Blue subscription was launched almost a year ago as a way to view ad-free articles from some publishers and make other tweaks to the app, such as a different colour home screen icon.

The back story of Twitter 

In April, Twitter accepted Musk’s proposal to buy and take the social media service private. However, Musk soon began sowing doubt about his intentions to follow through with the agreement, alleging that the company failed to adequately disclose the number of spam and fake accounts on the service.

In July, in a surprising turn of events, Elon Musk who had long been showing his interest to buy Twitter terminated the deal. The Tesla CEO did so by alleging that Twitter violated their mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.

When Musk put out the deal termination announcement, the market saw a sharp decline within a day. Later, Twitter sued Musk accusing him of using bots as a pretext to exit a deal.

Again, last week, Musk confirmed that he would move forward with the Twitter buyout at the originally agreed price of USD 54.20 per share.


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