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Elon Musk Asks To Introduce Paid Verification On Twitter

Elon Musk asked Twitter employees to introduce paid verification by changing the price of the Twitter Blue subscription from the current $4.99 per month to $19.99 per month and adding the ability to verify users to the subscription service. Elon Musk believes the change will help Twitter solve the bots account problem and has asked Twitter employees to launch the feature by November 7.
Elon Musk Asks To Introduce Paid Verification On Twitter 4

According to sources familiar with the situation and internal communication seen by The Verge, the aim is to convert Twitter Blue, the company’s optional $4.99 per month membership that unlocks more services, into a more costly subscription that validates users.

Twitter’s new Twitter Blue membership will currently cost $19.99 per month. Verified users would have 90 days to subscribe or lose their blue checkmark under the present scheme. Employees working on the project were informed on Sunday that they must implement the feature by November 7 or face termination.

Elon Musk repeatedly stated in the months preceding his acquisition that he wanted to change how Twitter validates accounts and manages bots. He tweeted on Sunday:

It is not yet clear how this method of paying fees will be implemented, but the meme coin community, especially DOGE holders, will be very excited in the hope that one day DOGE will become the means of payment of Twitter with the leadership of ‘Dogefather.’

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At the time of writing, DOGE still sees outstanding performance as its price is trading at $0.117.

DOGE daily chart. Source: CoinCu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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