Twitter, a social networking and microblogging platform, plans to levy a $20 monthly subscription for account verification.
Not even a week has passed since Elon Musk, Twitter’s new owner, assumed the role of CEO of the blue app. On Twitter, there are currently over 400,000 verified users.
Making users pay can help Twitter stay out of debt, according to an official statement released on Monday. This follows reports that claimed bots make up 5% of all users and that ‘heavy tweeters’ make up less than 10% of monthly users.
The message also mentioned that Musk is considering advancing a change that is motivated by money.
Users who have been verified or given a “blue tick” must continue to pay for this status; otherwise, it will be revoked until it is paid. “The company’s goal is to charge these consumers a $4.99 monthly subscription fee in order to further access further capabilities.
However, newly verified users will need to pay $19.99 till after the launch.
The announcement also stated, “Current verified users will have 90 days following the launch to subscribe to the new feature. On November 7th, Twitter plans to introduce its pay-for-play verification mechanism.
In response to a Twitter user’s complaint on Sunday regarding app verification, the CEO of Twitter stated that “the entire verification process is being redone right now.”