Musk: ‘blue checks for $20 a month!’
everyone else: ‘but these blue checks are essentially worthless’
Musk: ‘ok how about $8’
Musk: ‘blue checks for $20 a month!’

Musk: ‘blue checks for $20 a month!’
everyone else: ‘but these blue checks are essentially worthless’
Musk: ‘ok how about $8’
Bankers that backed him are idiots if they didn't understand who they were dealing with, so I don't feel sorry for them.Bankers have to be ordering Tums by the pallet thinking about the haircuts they're going to be taking soon.
Bankers that backed him are idiots if they didn't understand who they were dealing with, so I don't feel sorry for them.
Why would you even want to feel sorry for bankers? Bankers will readily screw you over without even a thought.Bankers that backed him are idiots if they didn't understand who they were dealing with, so I don't feel sorry for them.
I'm no genius investor but Facebook's core products are losing popularity rapidly and the 'metaverse' seems pretty half-baked. They have all the money in the world so maybe they can turn it around but ugh... I don't know.Should probably put a dime on facebook right a out now.
I'm no genius investor but Facebook's core products are losing popularity rapidly and the 'metaverse' seems pretty half-baked. They have all the money in the world so maybe they can turn it around but ugh... I don't know.
Although maybe my view is biased by the fact that Facebook and Instagram are terrible products that make the world a worse place so I would be happy if they went away.
I'm no genius investor but Facebook's core products are losing popularity rapidly and the 'metaverse' seems pretty half-baked. They have all the money in the world so maybe they can turn it around but ugh... I don't know.
Although maybe my view is biased by the fact that Facebook and Instagram are terrible products that make the world a worse place so I would be happy if they went away.
$20 per month adds up pretty fast if you think about all the smucks that are probably willing to pay it.That does not seem like a strong revenue generator at $20 a celebrity.
A quick google tells me there are currently ~400k verified Twitter users. If all of them paid $20 a month that would be $96 million in revenue annually. It’s not nothing but it’s also about 1/10th of the revenue Twitter needs just to cover its increased debt burden from acquisition and if we are serious we know only a fraction would pay. This is a dumb idea IMO. If you have to pay to be verified there are surely some corporate accounts that would do this but for the average person it would be a mark of shame - you’re paying to pretend to be important and that comes off as pathetic.$20 per month adds up pretty fast if you think about all the smucks that are probably willing to pay it.
Today's verified account numbers are not relievent as musk's verification plan offers more than just a status mark. The one that musk is suggesting gives various perks that will attack people. The biggest one is longer video and audio clips. Along with less ads, and no paywalls to sites that are willing to work with them, and I am sure more perks will be added. I suspect just the longer video and audio clips will attract a substantial amount of people. Specially since they will get away with posting disinformation. They have no shame.A quick google tells me there are currently ~400k verified Twitter users. If all of them paid $20 a month that would be $96 million in revenue annually. It’s not nothing but it’s also about 1/10th of the revenue Twitter needs just to cover its increased debt burden from acquisition and if we are serious we know only a fraction would pay. This is a dumb idea IMO. If you have to pay to be verified there are surely some corporate accounts that would do this but for the average person it would be a mark of shame - you’re paying to pretend to be important and that comes off as pathetic.
This is the sort of thing I meant when I said he doesn’t understand social problems. If people could pay money to AT to get some sort of status marker would you think ‘oh man that guy is important/cool’? I would think ‘what a loser’.
Sure, maybe he wants to provide additional functionality for a charge but that’s different than charging for verification, which is essentially a paid service that provides negative value by making the person look like a tool.Today's verified account numbers are not relievent as musk's verification plan offers more than just a status mark. The one that musk is suggesting gives various perks that will attack people. The biggest one is longer video and audio clips. Along with less ads, and no paywalls to sites that are willing to work with them, and I am sure more perks will be added. I suspect just the longer video and audio clips will attract a substantial amount of people. Specially since they will get away with posting disinformation. They have no shame.
It's only been a week, since Musk took over Twitter, and it's already clear Twitter will not be the same platform going forward.
Edit: I was going to correct the above spelling error (autocorrect for the win) where it says attack people, as it was supposed to say attract people..... But attack people may be more accurate, so I am leaving it untouched. We will see.
It one of the two levels of the verification system. His reasoning for charging for verification is to "hopefully" weed out the bots.Sure, maybe he wants to provide additional functionality for a charge but that’s different than charging for verification, which is essentially a paid service that provides negative value by making the person look like a tool.
That’s what I’m saying, I think the verification stuff will bring in almost nothing. Maybe charging for extra features would but simply charging for verification is probably a net revenue loss for the company as you’re going to lose useful users and with it advertisers. Not to mention, if you’re going to start verifying people at sufficient scale that means a lot more employees to do the verifying. (That is unless you think the guy who can’t get car software to work right is going to algorithmically defeat human ingenuity)It one of the two levels of the verification system. His reasoning for charging for verification is to "hopefully" weed out the bots.
I am not a fan of musk, I don't like the fact he bought twitter, and I don't agree with his wanting to charge for verification. I was merely saying that doing so will bring in millions, specially the $20 tier. You are looking at it from the perspective of "it's not enough to cover the added debt", which is fine and true, but that doesn't equate to not bringing in a good chunk of change.
I think you underestimate the nuts that want to spread disinformation and conspiracy theories. The extra video and audio lengths that come with higher verification tier on a platform as massive as twitter (until Musk destroys it) is their wet dream because Musk won't stop them.That’s what I’m saying, I think the verification stuff will bring in almost nothing. Maybe charging for extra features would but simply charging for verification is probably a net revenue loss for the company as you’re going to lose useful users and with it advertisers. Not to mention, if you’re going to start verifying people at sufficient scale that means a lot more employees to do the verifying. (That is unless you think the guy who can’t get car software to work right is going to algorithmically defeat human ingenuity)
I don’t like Musk and I don’t like him owning Twitter so maybe that’s why but this just seems like an exceptionally stupid idea that will lead to mockery and potentially Twitter’s most valuable users either laughing at it or leaving entirely. In addition, it defeats the purpose of verification!
King was right, if anything Twitter should be paying him and other famous people to be on it. I suspect whatever comes out of this will not end up being paid verification or they will quickly walk it back. Oh and finally he’s already cut the price by 60%, doing nothing to solve the problem but losing revenue.
how hard is it to first verify then hand account off to bot lol
So basically Twitter's verification will not be about knowing the person is who they say they are, it will be about knowing who has $8.From the looks of things, verification is mostly just paying your money. Anyone who wants a checkmark gets one with payment.
I guess this is viewed as an impediment not for an individual bot, but for a bot farm with 100 bots, you are paying $800/month.
I'm fskimospy$8 and I approve this message.So basically Twitter's verification will not be about knowing the person is who they say they are, it will be about knowing who has $8.
So basically Twitter's verification will not be about knowing the person is who they say they are, it will be about knowing who has $8.
Sounds like it. I remember something Musk said about the verification system of being lords and peasants is over. So now it's just are you going to pay $8/month.
There will probably be a filter on verified accounts kind of thing where you only get feeds from verified accounts, etc...
Essentially, you will be invisible if you don't have a paid account. Once he gets the Twitter users used to paying rent, then he just has to increase the rent a little at a time.
