Elon Musk, the new owner of Twitter, said on Tuesday that users will have to pay USD 8 per month to display the verified blue tick on the microblogging platform.
Additionally, Musk stated that the price will vary by nation according to purchasing power parity. In order to combat spam and scam, he noted, verified Twitter users would also have preference in replies, mentions, and searches. Additionally, they will be allowed to upload lengthy audio and video files and only encounter half as many adverts.
Musk listed the benefits, including a paywall bypass for publishers willing to partner with Twitter. The new policies would also provide Twitter with a revenue stream to compensate content providers, he continued.
We need to pay bills somehow, the billionaire had earlier explained, referring to Twitter’s economic model and his aspirations to boost its revenue.
A lengthy saga came to an end last week with Musk’s $44 billion acquisition of the social networking firm. Following his takeover of the business, he disbanded Twitter’s board of directors, according to a filing with the US Securities and Exchange Commission (SEC) on Monday. According to the filing, Musk became “the only Twitter director.” “CNN reported.
It demonstrates that Elon Musk is now Twitter’s lone replacement and will not be joining the company’s board of directors. “On October 27, 2022, Musk became Twitter’s lone director as a result of the Merger’s completion, “stated the document.
According to the SEC filing, Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou are among those who are no longer serving as directors of Twitter. This is in accordance with the terms of the merger agreement, which became effective at the time of the merger.
All former Twitter board members, including recently fired CEO Agrawal and Chairman Taylor, are no longer directors, according to the business filing, “in accordance with the provisions of the merger agreement.”
After taking over as Twitter’s CEO, Musk reportedly fired several people, including the company’s policy director Vijaya Gadde, chief financial officer Ned Segal, and CEO of Indian descent Agrawal.
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