Report on subscription model
Twitter probably wants money for verified accounts

10/31/2022 3:31 am

According to a media report, software developers on Twitter should immediately introduce a new function – otherwise they will face termination. Users will have to pay in future if they want proof of authenticity for their account. New network boss Musk is keeping a low profile but is in urgent need of money.

According to media reports, tech billionaire Elon Musk wants to earn money by verifying users after expensive Twitter takeovers. As of now, the tick marks, which guarantee the authenticity of a Twitter profile, are available for free. They are mainly available to users with many followers such as celebrities, companies as well as politicians or journalists.

Technology blogs “Platformer” and “The Verge” reported that the verification tick should in the future be available only to customers of Twitter Blue membership offers. It currently costs $4.99 per month. “The Verge” also wrote, citing informed people and internal communications, that the verification should be part of a new, more expensive Blue version. Twitter wants to charge $19.99 per month for this. Software developers were given a November 7 deadline to begin the ceremony – or they would be fired.

Musk himself only wrote on Twitter that the verification process is currently being revised. He paid about $44 billion. The money came partly from the sale of their shares in electric car maker Tesla – but also from investor contributions and loans that are to be serviced. Twitter was in the red recently.

The company has been looking for savings for some time and is apparently planning extensive layoffs. An insider said it is expected that both software engineers and other staff will be affected by the dismantling. The extent of job cuts is still unclear. According to my own knowledge, there are about 7,500 people employed on Twitter.