Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Elon Musk set to charge Twitter elite $8 a month for blue tick

by November 2, 2022
November 2, 2022
Elon Musk set to charge Twitter elite $8 a month for blue tick

Twitter users have been bracing themselves to see Elon Musk’s vision for the platform. Now it seems he has his sights on the coveted blue tick.

Prominent users from Gary Lineker to Barack Obama will have to pay $8 a month for the privilege of “verified” status. Musk outlined a package that he said would help Twitter to “pay the bills” after his $44 billion takeover. Users will have to choose whether to give up their blue tick or pay to keep it.

Musk attacked Twitter’s existing framework for authenticating users, which has given several hundred thousand accounts ticks marking their verified status, as a “lords & peasants system”. He pitched the subscription at $8 a month, but stressed that the price would vary by country.

The horror writer Stephen King said Twitter should pay him for tweeting and that he would leave if the changes went ahead. Musk, who is now chief executive after ousting the entire board of directors, replied to King: “We need to pay the bills somehow! Twitter cannot rely entirely on advertisers.”

He indicated that tweets by paying users would be prioritised and said they would be able to post longer video and audio clips, see fewer adverts and bypass some publishers’ paywalls.

Musk, 51, has changed his Twitter bio from Chief Twit to Twitter complaint hotline operator after criticism from users about the fee. He tweeted: “To all complainers, please continue complaining, but it will cost $8.”

He said he stole the idea of charging for insults and arguments from Monty Python and shared to a sketch by the group, titled Argument. The sketch sees a character, played by Michael Palin, become enraged after paying for a five-minute argument with John Cleese.

The world’s richest man is trying to diversify the company, which has relied on advertising for more than 90 per cent of its business. Some clients have been spooked by Musk’s takeover, including General Motors, which has paused advertising.

Musk’s $200 billion fortune is largely from vast stakes in Tesla, the electric carmaker, and SpaceX. He first agreed to buy Twitter in April, but later sought to pull out. After months of wrangling, and with a court date approaching, he agreed last month to acquire it after all.

Efforts to reassure advertisers that Twitter will not, in Musk’s words, become a “free-for-all hellscape” have yet to reassure some heavyweight clients. General Motors, a rival of Tesla, announced it had paused advertising on Twitter while awaiting details on its new direction.

Musk flew to New York on Monday and his aides have been meeting with advertisers in the city.

Read more:
Elon Musk set to charge Twitter elite $8 a month for blue tick

0
FacebookTwitterGoogle +Pinterest
previous post
Rishi Sunak’s stealth tax to cost middle earners £3,500 a year
next post
UK business optimism falls as output and new orders drop

You may also like

Adnams Brewery joins EY & Rolls Royce in...

April 6, 2023

Enhancing Product Development with Automation and MVP Development...

December 16, 2024

How Increased Cybersecurity Risks Impact Modern Digital Markets

April 29, 2024

Investigating the Tactics Used by De Hek and...

December 23, 2022

How to Keep VIPs Safe: A Comprehensive Guide

July 11, 2023

Over 4,000 Brits tucked into their tax return...

December 27, 2024

Canary Wharf joins forces with the Felix Project...

May 19, 2023

How to Choose the Right SEO Agency for...

February 23, 2023

Apple intelligence: How AI integration in IOS 18...

August 25, 2024

Hundreds of Married Women Could Receive State Pension...

August 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • RFK Jr’s HHS to end routine COVID vaccine guidance for children, pregnant women: report

      May 16, 2025
    • State Department confirms ‘constructive’ nuclear talks with Iran; Trump says deal ‘sort of’ agreed to

      May 15, 2025
    • GOP rebel mutiny threatens to derail Trump’s ‘big, beautiful bill’ before key committee hurdle

      May 15, 2025
    • What Sector Rotation Says About the Market Cycle Right Now

      May 15, 2025
    • US Withdrawal from the World Trade Organization Would Be an Epic Mistake

      May 15, 2025
    • Rubio doubts ‘anything productive’ will happen in Ukraine peace talks without Trump, Putin

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,964)
    • Politics (15,240)
    • Stocks (3,085)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved