new owner of twitter Elon Musk It was announced on Tuesday that people will have to pay USD 8 per month for a verified blue tick on the microblogging site.
Twitter’s current lords and farmers system that has or doesn’t have a blue checkmark is rubbish.
Power to the people! Blue for $8/month.
— Elon Musk (@elonmusk) 1 November 2022
Musk also said that the price would 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 defeating spam/scams. They will also be able to post longer videos and audios and watch half the ads.
and paywall bypass for publishers who want to work with us
— Elon Musk (@elonmusk) 1 November 2022
Listing the perks, Musk said there would be a paywall bypass for publishers willing to work with Twitter. He said the new measures would also give Twitter a revenue stream to reward content creators.
It will also give Twitter a revenue stream to reward content creators
— Elon Musk (@elonmusk) 1 November 2022
The billionaire had previously defended the price hike, saying “we need to pay the bills somehow,” referring to the business model and his plans to increase its revenue on Twitter.
Last week, Musk acquired the social media company for $44 billion in what follows a months-long saga. He has dissolved Twitter’s board of directors following the company’s acquisition, according to a US Securities and Exchange Commission (SEC) filing on Monday. Musk, according to the filing, became “Twitter’s sole director,” CNN reports.
This confirms that instead of joining Twitter’s board of directors, Elon Musk is now his only replacement. “On October 27, 2022, and as a result of the termination of the merger, Musk became the sole director of Twitter,” read the filing.
“According to the terms of the merger agreement, effective as of the effective time of the merger, the following individuals, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Brett Taylor, Parag Agarwal, Omid, according to the SEC filing Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Lee and Mimi Alemayehou.
The company’s filing said all previous members of Twitter’s board, including recently ousted CEO Agarwal and Chairman Taylor, are no longer directors “in accordance with the terms of the merger agreement.”
Musk took over as Twitter boss and his first assignment was reportedly to sack Indian-origin CEO Agarwal, chief financial officer Ned Segal, company policy chief Vijaya Gadde and others.
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