Blue Tick – 8 USD

Elon musk, the new owner of Twitter, has announced the latest version of Twitter Blue Tick where he planned to charge 8 US dollars monthly for Twitter’s subscription service.

This means that Twitter will now charge USD $8 a month for ‘blue tick,’ as per Elon Musk.

In return, the subscribers would get priority in replies, mentions, and searches, as per Elon.

Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit.

Power to the people! Blue for $8/month.

— Elon Musk (@elonmusk) November 1, 2022

Musk stated on Twitter, “Twitter’s current lords and peasants system for who has or does not have a blue checkmark is bullshit.” The people have the upper hand! “Blue for USD 8 per month.”

The new Twitter Blue subscription costs $19.99 (over Rs 1600) and comes with extra features like edit and undo-to-tweet functions.

This announcement comes after multiple media reports revealed that Twitter plans to charge users USD 19.99 (over Rs 1600) for the new Twitter Blue feature, which includes extra features such as editing and undoing tweets.

The new service will get the users “Priority in replies, mentions and search, which is essential to defeating spam/scam – Ability to post long video & audio – Half as many ads”, he tweeted.

Musk also revealed that his new service will provide a revenue stream for Twitter to reward quality content creators.

As CNN reported, it all started with a tweet from author Stephen King who tweeted on Monday, “$20 a month to keep my blue check?” following an expletive “They owe me money.” If that becomes law, I’ll be gone like Enron.” In a later response, King stated, “[i]t ain’t the money, it’s the principle of the thing.”

Musk replied to King early the next morning with a bizarre response and a proposal to charge for account verification. “[W]e have to pay the bills in some way!” “Twitter cannot rely solely on advertisers,” he explained. “How about Eight dollars?” he tweeted.

KEYNOTES

• It is to be noted that the Twitter Blue subscription was widely available almost a year ago as a way to view ad-free articles from select publishers and make other edits to your Twitter experience.
• Microblogging site Twitter accepted Musk’s offer to buy Twitter and take it private in April.
• However, on the other hand, he quickly cast doubt on his intentions to follow through on the agreement, claiming that the co failed to properly disclose the number of spam and fake accounts on the service.
• In July, Elon Musk, who had long expressed interest to buy Twitter, abruptly terminated the deal.
• Elon claimed that Twitter violated its mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.

On the other hand, the company accused Musk of using bots as a pretext to pull out of the deal.

The market fell sharply after Musk announced the termination of the transaction.

Twitter later sued Musk, accusing him of using bots to get out of a deal.

Lately, in the last week, Musk confirmed that he would proceed with the Twitter acquisition at the originally agreed-upon price of USD 54.20 per share.