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| Report: Musk could make all Twitter a paid service |
According to a new report from Platformer, new Twitter owner, Elon Musk, has been investigating the fees via the social media platform.
Platfurer said it was not clear how serious the plan was, adding that it "does not appear imminent" when the move goes ahead. At the same time, it also shows that Musk, currently the richest man in the world, is looking for all possible ways to generate new revenue for the platform he spent $44 billion to acquire.
Because Musk is still under financial pressure from the deal, especially since the $13 billion deal is in debt to investors, it is accelerating the company's revenue growth. Revenue is attributed to advertisers who place their ads on the platform.
Masks and Twitter in crisis
To relieve financial stress, Musk on Friday laid off about half of Twitter's workforce, or about 3,700 employees, and said at the time he had to do so because the company lost about $4 million. dollars a day.
Twitter on Saturday announced a program that allows subscribers to its paid service, Twitter Blue, to get the badge on their personal accounts for $7.99 a month.
It's a strength for the fans," Musk said in his tweet about the new feature. "Your account will get a blue verification badge, just like the celebrities, companies and politicians you follow," he added.
However, several Twitter users and employees have expressed concern that the paid blue verification code could cause confusion ahead of the US midterm elections, as it allows each user to create their own unique account as if they were the same official entity and then spread false information about it. Election results, which may be tempting.
After the New York Times reported that the feature's launch had been delayed until the end of the election scheduled for Tuesday, the Blue Label project manager responded, "We've decided to postpone the launch until November 9, after the election."
Musk and his advisors also discussed different ways to make money from Twitter. Besides the blue check mark, they also talked about the fee for private messages users can send to high-profile users and the ability to charge for certain videos. They also discussed the possibility of restarting the Vine short video app.