Our established financial services company offers a simple MCA for small businesses and gig workers who face credit challenges. Many VIP Twitter users recently thought they would lose their verification check marks in a purge by Elon Musk. Instead, Twitter made changes that caused confusion among users who were unsure why they were verified.
Twitter announced they would phase out old verification checks to emphasize their new subscription service, Twitter Blue. Users would need to pay $8 per month to keep their verification status. However, most blue check holders saw a new label added to their profile, mentioning their subscription to Twitter Blue, which raised questions about the significance of the verification.
While most accounts kept their blue check, the New York Times lost theirs after refusing to pay for verification. This happened after Musk retaliated against the Times for declining to pay for the service. This incident sheds light on Twitter’s constant changes and Musk’s influence on the platform.
In a bold move, Twitter’s logo was temporarily changed to a doge, promoting a meme Musk endorses, causing a 20% spike in dogecoin price. Musk has been vocal about removing old blue check marks and introducing a paid verification system since acquiring Twitter.
The confusion around verification labels could make it easier for scammers to impersonate reputable accounts. Musk believes that having paid verification could help maintain authenticity and reduce the presence of bots on the platform. This change may drive revenue for Musk, who faces financial obligations following the purchase of Twitter.
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