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The Markets
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Online business & e-commerce

Elon Musk reveals plans for his controversial new Twitter verification system

Twitter Blue will cost $8 per month, according to Musk, and paywall bypass “for publishers willing to work with us"

Elon Musk has revealed his blueprint for a new Twitter verification system, which he said will create a new revenue stream for the company.

In a series of tweets on Tuesday afternoon, the new ‘Chief Twit’ (or Twitter Complaint Hotline Operator, according to his bio on the social media platform) laid out details of the new Twitter Blue plan.

Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit.

Power to the people! Blue for $8/month.

— Elon Musk (@elonmusk) November 1, 2022

“Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit,” Musk wrote in a tweet. “Power to the people!”

Twitter Blue will cost $8 per month, according to Musk, and paywall bypass “for publishers willing to work with us.”

The price will be proportional to each country’s purchasing power parity, Musk promised. As well, a series of perks such as priority in replies, longer video and audio clips and less ads will be included in the package.

“This will also give Twitter a revenue stream to reward content creators,” Musk wrote.

Blue checks help users determine whether a comment being made by a purported public figure is actually from that person instead of a fan or impersonator.

It is one of the main tools in the social media platform’s arsenal to combat the spread of fake news.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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