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As Twitter’s latest board member and largest shareholder, Elon Musk is already floating recommendations for adjustments he’d prefer to see on the social media platform
As Twitter’s latest board member and largest shareholder, Elon Musk is already floating recommendations for adjustments he’d prefer to see on the social media platform.
In a sequence of tweets late Saturday, the Tesla and SpaceX CEO stated that the corporate ought to embrace an “authentication checkmark” as a characteristic of its Twitter Blue premium subscription service, which prices $2.99 a month.
Twitter provides a checkmark brand subsequent to a person title when the account has been verified “genuine, notable and energetic.”
Musk additionally urged Twitter make the authentication checkmarks of premium subscriber accounts totally different than these granted to official accounts belonging to public figures, for instance.
Such a transfer, Musk stated, would “massively increase” the pool of verified person accounts and discourage the proliferation of spam “bot” accounts, making them too costly to keep up.
Musk additionally shared concepts for a way Twitter ought to cost for its subscription membership, saying the price “must be proportionate to affordability and in native forex,” and including: “Perhaps even an choice to pay in Doge?” referring to the Dogecoin cryptocurrency.
“And no advertisements,” Musk tweeted. “The facility of companies to dictate coverage is enormously enhanced if Twitter depends upon promoting cash to outlive.”
Practically 90% of Twitter’s income in 2021 got here from promoting.
Musk’s newest tweets about Twitter, together with posting polls asking his 81 million followers whether or not Twitter is “dying” and whether or not the corporate’s San Francisco headquarters must be transformed right into a homeless shelter “since nobody exhibits up anyway,” adopted a tweet earlier within the week asking if he ought to add an edit button on the platform.
Final week, Twitter disclosed in a regulatory submitting that it entered into an settlement with Musk giving the billionaire a seat on the corporate’s board, with the time period expiring at its 2024 annual shareholders assembly. The transfer got here a day after it was disclosed that Musk took a 9% stake within the firm.
Twitter declined to remark Sunday.
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This story has been corrected to indicate a Twitter Blue subscription is $2.99 a month, not $3 a month.
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