Nothing in this world comes for free… Looks like Elon Musk, has the new CEO TwitterTake this proverb seriously.
According to a report in The Verge, Musk is planning to charge users USD 19.99 (over Rs 1,600) for the new Twitter Blue subscription that brings additional features like editing and undoing tweets.
Under the current plan, verified users will have 90 days to subscribe or lose their blue checkmark. Employees working on the project were told they needed to meet the November 7 deadline to launch the feature or they would be fired.
The special report comes a day after Musk mentioned in a tweet that Twitter would revise its user verification process. However, he did not give any information related to the allegations.
ALSO READ: Elon Musk says Twitter will create a “Content Moderation Council”
“The entire verification process is being revamped now”, he tweeted.
Twitter Blue subscriptions launched widely about a year ago as a way for some publishers to view ad-free articles and make other changes to the app, such as a different colored home screen icon.
In April, Twitter accepted Musk’s offer to privately buy and take the social media service. However, Musk soon began to have doubts about his intentions to comply 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 shown his interest in buying Twitter, terminated the deal. The Tesla CEO did this by alleging that Twitter violated their mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.
After Musk announced the termination of the deal, the market saw a sharp drop. Later, Twitter sued Musk, accusing him of using bots as an excuse to pull out of a deal. Again, last week, Musk confirmed that he would go ahead with the Twitter purchase at the originally agreed price of USD 54.20 per share.
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