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New Twitter owner Elon Musk It was announced on Tuesday that people will have to pay $8 per month for the verified blue tick on the microblogging site.
The current Twitter lords and peasants system of who has or doesn’t have a blue checkmark is bullshit.
The power of the people! Blue for $8 a month.
– Elon Musk November 1, 2022
Read also: Twitter Blue Badge now costs $8 per month; Perks include search priority, paywall bypass, and more
Musk also said that the price will be adjusted by country in proportion to purchasing power parity. He added that verified Twitter users will also get priority in replies, mentions and searches, which is essential to beat spam/fraud. They will also be able to post long videos and audio and will see half as many ads.
Bypass the paywall for publishers who want to work with us
– Elon Musk November 1, 2022
By listing the perks, Musk said there will be a paywall bypass for publishers wanting to work with Twitter. He added that the new measures would also give Twitter a revenue stream to reward content creators.
This will also give Twitter a revenue stream to reward creators
– Elon Musk November 1, 2022
The billionaire had earlier defended the rate hike by saying, “We need to pay the bills somehow, citing Twitter’s business model and plans to increase its revenue.”
Last week, Musk’s $44 billion takeover of the social media company ended a months-long saga. He dissolved Twitter’s board of directors after taking over the company, according to a U.S. Securities and Exchange Commission (SEC) filing on Monday. According to the report, Musk became the “sole manager of Twitter,” according to CNN.
He asserts that instead of joining Twitter’s board of directors, Elon Musk is now their only alternative. On October 27, 2022, as a result of the completion of the merger, Musk became the sole director of Twitter.
“In accordance with the terms of the Merger Agreement, effective as of the effective time of the merger, the following persons, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Brett Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lynn Fox, Patrick Pechet , Egon Durban, Phi Phi Lee, and Mimi Alemayehu,” according to a Securities and Exchange Commission filing.
The company filing said all former members of Twitter’s board of directors, including recently dismissed CEO Agrawal and Chairman Taylor, are no longer directors “in accordance with the terms of the merger agreement.”
Musk took over as Twitter’s head and his first job was to fire Indian-born CEO Agrawal, CFO Ned Segal, corporate policy director Vijaya Gadde and others.
Read all files Latest technology news over here
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