Elon Musk, Twitter’s new “Chief Twit,” is reportedly working quickly to maximise the potential of his recent acquisition.
According to the Verge on Sunday, Musk has told Twitter staff to triple the price of the Twitter Blue membership plan from $4.99 to $19.99, making it the only option to maintain verified-user status.
When Twitter Blue first debuted in the middle of 2021, it offered a number of subscriber-only benefits, one of which was the most recent: the ability for users to modify tweets up to 30 minutes after posting them.
On the day he finalised the transaction, Musk fired Twitter’s CEO Parag Agrawal and several key executives, among other quick adjustments. (Musk apparently is making the “for cause” claim in order to avoid having to pay out tens of millions of dollars in golden-parachute payments.) According to the New York Times, Musk is also said to have started a wave of layoffs at Twitter.
Musk asserted on Friday that Twitter would create a new content-moderation committee with “widely different opinions” and that the business won’t make significant content choices or carry out account reinstatements prior to that time. Later on in the day, Musk emphasised the issue, saying, “To be absolutely clear, we have not yet made any modifications to Twitter’s content control standards.“
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