Elon Musk Unveils New Twitter Verification System That Will Include Color-Coded Checkmarks

Since taking over Twitter in October, CEO Elon Musk has faced quite the wave of grievances and headaches. Yes, some (most) were self-inflicted thanks to his off-the-handle tweets likely made on the porcelain throne, but his promise to rid the platform of bot accounts has thus far been muddled with failed solutions.

After purchasing the platform for a whooping $44 billion, Musk promised to prioritize Twitter’s opaque user verification system. He unveiled a new scheme whereby users could pay $8 per month for a blue checkmark, with the hope of solving two main conundrums: the company’s falling revenues, and surmounting pile of “bot” accounts. However, the strategy didn’t go as planned, after freshly-verified users began impersonating actual verified accounts— including insulin maker Eli Lilly &Co., and even Musk’s own EV company Tesla, posting misleading tweets.

Musk was soon forced to scrap the feature, and instead come up with something more fool-proof. In a tweet posted on Friday, Musk said a newly re-designed verification system for paid users will be “tentatively” unveiled next week. “We’re tentatively launching Verified on Friday next week,” he said, adding that under the new system, subscribers will get a blue checkmark to prove their verified status, while government accounts will receive a grey checkmark, and companies will get a gold tick.

“All verified accounts will be manually authenticated before [the] check activates,” Musk continued, conceding that the move is “painful, but necessary.” He promised to provide additional clarity on the overhauled verification system next week.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

Information for this briefing was found via Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Could Fall Further. Here’s What I’m Buying | Rick Rule

Newmont Crushed Q3. So Why Did the Stock Fall?

Governments Bet on Critical Minerals While Investors Panic | John Passalacqua – First Phosphate

Recommended

First Majestic Hits 4.24 g/t Gold Over 48.8 Metres at Saval as Jerritt Canyon Restart Advances

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Related News

Elon Musk Admits to Having Secret Twitter Accounts During Deposition — One Role-Played as His Toddler Son

Elon Musk has confirmed that he maintained two secret accounts on his social media platform...

Thursday, April 11, 2024, 08:02:28 AM

Ford CEO Isn’t Worried About Tesla’s Fancy Cybertruck: “I Make Trucks for Real People”

During an interview on CNBC’s Mad Money, Ford CEO Jim Farley dismissed concerns that Tesla’s...

Saturday, June 24, 2023, 03:24:00 PM

Elon Musk’s Neuralink Raises $205 Million Towards Accelerating Brain Implant Technology

Neuralink, a brain implant interface company founded by Elon Musk, has raised over $200 million...

Saturday, July 31, 2021, 03:39:00 PM

Elon Musk’s Neuralink Told They Can’t Test On Humans

CEO and co-founder Elon Musk announced in December that Neuralink is confident it would begin...

Friday, March 3, 2023, 12:04:00 PM

Is Elon Musk So Petty That He’d Remove Disney+ from Tesla After Disney Stopped Ads on X?

Tesla (Nasdaq: TSLA) has reportedly removed Disney+ from some of its vehicles following a recent...

Tuesday, December 19, 2023, 02:04:00 PM