Twitter to introduce charges for verified status

Charges are starting

Elon Musk wants Twitter users to pay $20 per month to keep their verified status. The charge would be part of a more expansive version of the existing "Twitter Blue" service, which provides a blue checkmark on the profiles of users whose identities have been verified for $5 per month.

• The new Twitter Blue subscription plan would give current users 90 days to opt in before losing the blue checkmark on their accounts.

• Musk told employees on Sunday to launch the paid verification feature by Nov. 7 or prepare to leave the company, The Verge reports.

• “The whole verification process is being revamped right now," tweeted Musk on Sunday.

Additional:

• Musk closed a deal to acquire Twitter for $44B on Oct. 27.

• He swiftly dissolved Twitter's board of directors and terminated at least four of the company's most senior executives, including former CEO Parag Agrawal.

• Musk has voiced several ambitions for Twitter, which include increasing its average revenue per user, widening the scope of the content allowed on the platform, and reaching 931 million users by 2028 from 217 million at the end of 2021.

Source: Inside daily brief