In order to stop con artists from spreading false information, Twitter started to verify famous people. Elon Musk, the new owner, believes that the blue check is merely a status symbol that people should pay for. Users will reportedly need to sign up for Twitter Blue, which will cost $20 per month, in order to maintain verification, according to the platform’s new owner. Additionally, it is said that Musk has given Twitter staff members until November 7th to implement the changes, failing which he will begin firing staff.
The blue check, while undoubtedly little more than a bragging right for some, is also Twitter’s solution to a complicated issue. In the past, it was simple to set up a fake newswire account and start disseminating false stock information. People can quickly share contentious about a stock price with their followers on Twitter before they realize it came from @WellStreetJourral. However, given that the Funding Secured tweet was sent by Twitter’s new owner, perhaps it is now acceptable.
