Report: Elon Musk Wants to Charge $20 a Month for Twitter Verified Status

Report: Elon Musk Wants to Charge $20 a Month for Twitter Verified Status

Now that he’s at the helm of Twitter, Elon Musk wants to charge users to keep the coveted “blue check” that signifies verified status, according to a report in tech publication The Verge.

The Verge said Musk plans to charge $20 a month for Twitter Blue, a service that currently costs $5 a month, and expand its features to include user identity verification.

Currently verified users will have 90 days to sign up for a subscription or lose their blue tick, Verge registeredciting unnamed sources and internal correspondence.

Twitter did not immediately respond to a request for comment.

The blue tick, which indicates that the person behind the profile is who they say they are, has become a coveted status marker on Twitter, the popular social messaging platform with politicians, journalists and celebrities.

“The entire verification process is currently being rebuilt,” Musk tweeted on Sunday.

Musk has previously outlined bold ambitions for the platform, which has struggled to expand its user base. His proposals include increasing subscriptions to half of the company’s revenue and expanding the service to 900 million users in five years, according to reports in New York The Times.

For now, revenue from Twitter Blue, which allows users to edit tweets and remove some advertising, accounts for less than 8% of the company’s sales, according to Twitter’s latest earnings report.

Stephen King: “They should pay me”

Since Musk officially took over as Twitter boss made a number of changes on Friday, including dismissal of the general manager and other top executives and changing the way the site’s home page looks for users who are not logged in. plans to cut as much as three quarters of Twitter’s workforce, the Washington Post reported.

But retooling its $44 billion acquisition into a growing and attractive product will be an uphill battle, social media experts say.

Wedbush analyst Dan Ives told MoneyWatch that Musk’s purchase is coming “at the worst possible time,” as social media and the advertising it funds is experiencing a “massive” slowdown. Meanwhile, some celebrity users have announced that they giving up platform now that Elon owns it.

In response to the potential $20 monthly fee for verification status, horror master Stephen King tweeted expletive: “$20 a month to keep my blue check? … they should pay me. If that goes through, I’m gone like Enron.”

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