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News

The Twitter Community Opposes Elon Musk’s Proposal Of Paying For Twitter Verification

October 31, 2022 - Around 2 mins mins to read
Following his takeover of Twitter on Thursday, Elon Musk intends to charge $20 per month for the Blue verification mark. However, according to a new study, over 80% of Twitter users are hesitant to pay for the Blue verification symbol.
The Twitter Community Opposes Elon Musk's Proposal Of Paying For Twitter Verification

Jason Calacanis, an American Internet entrepreneur and podcaster, took to Twitter to ask how much someone should pay for the Twitter verification checkmark. Surprisingly, almost 80% of 654,000 respondents in the poll said they wouldn’t pay.

Elon Musk chimed in, calling the voting interesting. Musk also tweeted on Monday that the whole verification process is being revamped right now.

While many praised Elon Musk’s attempts to modernize Twitter, especially addressing the bot problem, Twitterati questioned the decision to charge $20 for a membership and verification. It implies that anyone with $20 may get verified and continue to spam or scam.

While Dogecoin’s value has risen after Elon Musk acquired Twitter, over 62% of Dogecoin wallet addresses are now profitable. In a week, the price of Dogecoin has increased by more than 100%. Elon Musk, on the other hand, has not reaffirmed his support for incorporating Dogecoin into Twitter.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

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.
News

The Twitter Community Opposes Elon Musk’s Proposal Of Paying For Twitter Verification

Following his takeover of Twitter on Thursday, Elon Musk intends to charge $20 per month for the Blue verification mark. However, according to a new study, over 80% of Twitter users are hesitant to pay for the Blue verification symbol.
The Twitter Community Opposes Elon Musk's Proposal Of Paying For Twitter Verification

Jason Calacanis, an American Internet entrepreneur and podcaster, took to Twitter to ask how much someone should pay for the Twitter verification checkmark. Surprisingly, almost 80% of 654,000 respondents in the poll said they wouldn’t pay.

Elon Musk chimed in, calling the voting interesting. Musk also tweeted on Monday that the whole verification process is being revamped right now.

While many praised Elon Musk’s attempts to modernize Twitter, especially addressing the bot problem, Twitterati questioned the decision to charge $20 for a membership and verification. It implies that anyone with $20 may get verified and continue to spam or scam.

While Dogecoin’s value has risen after Elon Musk acquired Twitter, over 62% of Dogecoin wallet addresses are now profitable. In a week, the price of Dogecoin has increased by more than 100%. Elon Musk, on the other hand, has not reaffirmed his support for incorporating Dogecoin into Twitter.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News