Elon Musk Twitter Price: To everyone’s relief, Elon Musk has revealed his proposed pricing for the Twitter Blue subscription and, presumably, the Blue tick verification as well. A price of $8 was proposed by him in response to a tweet. This is what he had to say: “We must find a way to pay the rent! Advertising alone will not be enough to sustain Twitter. Let’s say $8.”
Then he elaborated, stating, “Before I put this into effect, I’ll give a more thorough explanation of my thinking. The only way to win against the automated comments is to do this.”
We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?
— Elon Musk (@elonmusk) November 1, 2022
The Verge reported before that Elon could charge as much as $19.99. ( roughly Rs 1,650 for the Twitter Blue subscription). Musk’s $8 (approximately Rs 660) fee, on the other hand, appears to be much more reasonable.
The verification procedure is now being updated, as Elon Musk has stated. There was talk in the past that even long-time verified Twitter users might have to pay the monthly fee if they wanted to keep their badge. Existing Twitter-verified users may anticipate the firm providing a transition window of 90 days.
Last week, Elon Musk acquired Twitter for $44 billion. After that, he let go of most of the upper management, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde. Twitter also disclosed in an SEC filing that it has removed all of its board members and appointed Musk as the company’s sole director. A secondary filing confirms that Musk is now the CEO of Twitter.
In response to a tweet, Musk said, “CEO is a transitory position.” Taking into account the role, Musk is the CEO of Tesla, SpaceX, Neuralink, the Boring Company, and now Twitter.
Elon Musk: ‘Trash Me All Day, But It’ll Cost $8’
The new Twitter CEO has decided he doesn’t care if he gets booed for refusing to lower the $8/month blue tick fee. Musk implied he would rather be trolled by the Twitterati than reverse his decision by tweeting, “Trash me all day, but it’ll cost $8.”
Since announcing that he would charge $20 per month for the Twitter blue tick, he has received a barrage of criticism from users. Musk has made significant changes to Twitter’s structure since completing his acquisition at the end of last month. The latest development is the widespread dismissals that began last Friday, which many Twitter employees had feared but have now experienced firsthand. About 180 people in India were let go after Musk made layoffs across multiple departments and countries.
It has been reported that Musk and Twitter are being sued in a class action lawsuit for allegedly firing employees at multiple offices. On Friday, Twitter began laying off workers, including in locations across India. While Twitter employees throughout the world, including in India, were being laid off on Friday, Musk was giving a speech at an investor conference in New York.
Trash me all day, but it’ll cost $8
— Elon Musk (@elonmusk) November 5, 2022
When challenged about his controversial decision to charge the blue tick at $8/month during the conference, Musk reportedly said it was vital to take considering the costs Twitter incurs to keep false accounts on the platform. Musk has stated that the $8 monthly fee will deter users from maintaining accounts since it would be too costly to maintain 100,000 phony accounts. He claims that the current cost of creating a bot is less than a penny and that this fee will serve to regulate bot accounts.
In addition to retaining their blue tick, Twitter Blue subscribers will receive priority in answers and access to long-form videos, among other perks, according to the company’s chief executive officer. In response to a query on the departure of advertisers from Twitter, he stated that the social media platform had not altered its content moderation policy despite demand from activist groups.
Musk also defended his $8 monthly fee for the subscription service, stating that consumers would rather spend that money on lattes. From the beginning, Musk has been shaking things up. He got rid of the CEO at the time, Parag Agrawal, the head of legal and policy, Vijaya Gadde, and the CFO, Ned Segal.
The CEO of Tesla has also brought on board additional people to assist with the social media platform’s redesign. For example, a few days ago, an American entrepreneur and podcaster Jason Calacanis, who was selected by Musk, tweeted a question on whether or not Twitter users would be prepared to pay for the Twitter Blue subscription in order to preserve their blue ticks. Brian Chesky, CEO of Airbnb, responded to this, saying that verification should be provided at no cost to users.
Twitter Fires More Than 90% of Indian Employees
Over the weekend, Twitter Inc. let off more than 90% of its employees in India as part of global reductions ordered by new owner Elon Musk, leaving the company critically understaffed in key areas like engineering and product development in a promising new region.
According to sources acquainted with the case who asked not to be identified due to the sensitive nature of the subject matter, the company had just over 200 employees in India before the layoffs.
Companies like Twitter, Meta Platforms Inc., and Alphabet Inc.’s Google are counting on India as a major source of development due to the country’s vast population and the high likelihood that many of them would go online for the first time. However, the firms must also contend with tightening content laws that are intended to limit the power of the country’s largest technology companies.
One of the persons indicated that over 70% of the job cuts in India were from the product and engineering team that operated on a global mandate. Marketing, public policy, and corporate communications were all reportedly affected by the layoffs. With headquarters in San Francisco, California, Twitter let off approximately half of its global staff or about 3,700 people. A message sent to Twitter for comment went unanswered for some time.
The political discourse in India is among the most heated on Twitter, with rival parties frequently accusing one another of propagating false information. The Prime Minister of India, Narendra Modi, has amassed an impressive 84 million followers. Twitter has recently cut its workforce in the country, making it unclear how it plans to control the country’s extensive multilingual dialogue.
Twitter has offices in New Delhi, India’s capital, as well as Mumbai, the country’s financial hub, and Bengaluru, the country’s technology hub in the south. According to Bloomberg News, the number of the company’s remaining employees worldwide is around 3,700. Musk is putting pressure on the remaining staff to fulfill aggressive shipping dates for new features; some workers have even slept in the office.
The new Twitter CEO has decided he doesn’t care if he gets booed for refusing to lower the $8/month blue tick fee. What do you think about this? Do share your reviews with us in the below section. Also, mark our website smartnewszone.com for more such updates.