Musk increases Twitter Blue verification fee by 4 times! Will 25% of employees be laid off in the first round?

Musk quadruples Twitter Blue verification fee

It is learned that Musk, Twitter's new owner, plans to increase the verification fee for accounts that have a blue checkmark on their names - "Twitter Blue" to indicate verified accounts. Twitter Blue verification is mainly used by users to distinguish real accounts from public or institutional accounts. Musk plans to increase the price of Twitter Blue from $4.99 per month to $19.99, and give verified users 90 days to decide whether to pay the verification fee, otherwise the blue check will disappear. In addition, Musk also announced that he will improve the "entire verification system."

Twitter Blue launched last June as the platform's first subscription service, offering "exclusive access to premium features" for a monthly subscription, including the option to edit tweets.

This is the first major project launched by Musk after taking over Twitter. The project has a launch deadline of November 7, and Musk has threatened to fire the developers if they fail to successfully complete the plan.

Musk also surveyed his more than 100 million followers on Twitter, asking them if they wanted Vine to return. The short video platform was acquired by Twitter in 2012 but discontinued in 2016. However, as the concept of Vine was eventually successfully introduced to the world by TikTok, the world's richest man seems to want to compete with TikTok.

Musk to lay off 25% of Twitter employees

Last week, before Musk completed his acquisition of Twitter, The Washington Post revealed that the tycoon planned to lay off 75% of the platform's employees, but when this information was made public, Twitter's general counsel Sean Edgett denied the rumor. But recently, The Washington Post announced again that Musk will lay off 25% of Twitter's employees in the first round. At the same time, people familiar with the matter also said that Twitter plans to lay off a quarter of its employees.

The Washington Post said that "members of billionaire Elon Musk's inner circle met with Twitter executives over the weekend and had detailed discussions about the site's content moderation approach and plans to cut 25% of its employees." "The layoffs will affect almost every department at Twitter, with sales, product, engineering, legal and security departments expected to be the hardest hit."

It is learned that it is important to note that at the end of 2021, Twitter had more than 7,500 employees, and a quarter of the layoff list means that nearly 2,000 employees will be fired. Musk has changed his profile on Twitter to "Twitter Complaint Hotline Operator". His profile picture has also been changed to a photo of him holding a wash basin and entering Twitter headquarters.

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