Following the acquisition of Twitter Incorporated by Elon Musk, reports have emerged that the company is planning to impose $20 a month on all verified accounts to expand its revenue generation.
The report added that verified accounts will have 90 days to subscribe to the new policy or lose their privileged blue checkmark.
Prior to the acquisition, Elon Musk had disclosed that he will rejig the twitter verification process. On Sunday, he wrote on his Twitter account “The whole verification process is being revamped right now.” Musk has also given himself the title “Chief Twit”.
Investors King learnt that the blue checkmark presently has a subscription plan of $4.99 a month. This means the price will quadruple if the increase is officially implemented.
The report also added that if the new policy is implemented, it could allow anyone that is not verified to easily get verified without meeting the usual criteria which include being active on the Twitter platform.
As expected, the report of a $20 monthly subscription for verified accounts has been generating mixed reactions among Twitter users.
Although Twitter verification comes with some exclusive privileges which include the opportunity to edit tweets and upload videos with better quality, a number of users who are presently verified have suggested that they would rather take the humble pie and get unverified than expend $20 a month on the blue checkmark.
The blue checkmark is seen by some as a status symbol among the users of the platform. To qualify for the privilege, accounts must be “notable, authentic, and active.” However, accounts of government officials; people representing prominent brands; news organisations and journalists; activists; celebrities; athletes, and others are activated based on status.
Meanwhile, it has also been reported that Elon Musk is planning to lay off several middle managers and engineers who are not significantly contributing to the operation of the company in recent times.
According to a report released by Verge, the layoff is expected to begin this week with managers already creating lists of employees to cut.
Elon Musk Envisions X as the Future of Your Financial Life
Tech visionary Elon Musk unveiled his vision for X, aiming to transform it into the epicenter of people’s financial worlds by the end of 2024.
Musk’s plan transcends mere payment solutions, targeting nothing short of the complete financial ecosystem, including money and securities. “You won’t need a bank account,” he affirmed.
X, led by CEO Linda Yaccarino, sees this as an ambitious opportunity that could reshape the financial landscape as we know it.
Musk expressed his unwavering commitment to the cause, stating, “It would blow my mind if we don’t have that rolled out by the end of next year.”
This ambition traces back to Musk’s dot-com-era online bank, X.com, which later evolved into PayPal. Musk aims to take a page from his earlier playbook, hoping to outshine PayPal with a more comprehensive approach.
The platform’s offerings are set to include high-yield money market accounts, debit cards, checks, and loan services. Musk’s endgame? An ecosystem that empowers users to send money worldwide instantly and in real-time.
However, this transformation is not without its challenges. Elon Musk must convince users of the necessity of such an all-encompassing platform while gaining their trust with their financial lives.
The vision of X as an “everything app” resonates with the rise of super apps like WeChat in China, which provide users with access to a myriad of services, from shopping to transportation.
As X positions itself to revolutionize the financial industry, Musk’s audacious endeavor promises to change the way we handle money, potentially eliminating the need for traditional banking as we know it.
The world watches with bated breath to see if Musk’s bold vision will become a reality.
WhatsApp Introduces Dual Account Feature, Enabling Users to Sign Into Two Accounts
WhatsApp has introduced a groundbreaking innovation that promises to redefine the user experience.
This new feature allows individuals to simultaneously manage two WhatsApp accounts on a single device, eliminating the need for dual phones.
The eagerly anticipated announcement was made by Mark Zuckerberg, Facebook’s CEO, who assured Android users that this feature will soon grace their screens.
Gone are the days of juggling multiple WhatsApp accounts, a task that often required carrying two separate devices. While tech giants like Xiaomi and Oppo had previously introduced app cloning features for multiple WhatsApp instances, WhatsApp’s integrated approach sets a new standard for seamlessness.
This innovation is poised to be a game-changer for users who navigate both personal and professional realms on this ubiquitous messaging platform.
Cumbersome login-and-logout routines and the perpetual concern of messaging from the wrong account will soon be a thing of the past, replaced by a newfound ease of multitasking.
Activating this feature is a straightforward process. Users need only navigate to the ‘Settings’ menu and select ‘Add Account.’ During setup, a second phone with a SIM card or a device supporting eSIM technology is required to unlock the full potential of multi-SIM functionality.
WhatsApp ensures that each account can have its own customized notification and privacy settings, preserving data integrity and personalization.
In addition to the dual account feature, WhatsApp recently introduced passkey support for Android, enhancing security by providing an alternative to SMS-based two-factor authentication.
This latest advancement underscores WhatsApp’s dedication to user convenience, connectivity, and digital identity security, setting the stage for a more organized and efficient way of communication.
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