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

Tungsten Went 6X. I Went to See the Deposit Time Forgot | DD-on-the-GO! – Rackla Metals Inc

The World’s Largest Undeveloped Gold Project Nears a Deal | Rudi Fronk – Seabridge Gold

One of the World’s Biggest Copper Mines Could Reopen Just to Shut Down | First Quantum

Recommended

First Majestic Produces 3.4 Million Ounces of Silver in Q3 2026, Jerritt Canyon Restart Remains on Track

Altamira Gold Drills 134 Metres of 0.5 g/t Gold at Maria Bonita, Hole Ends in Mineralization

Related News

Linda Yaccarino to Meet with X’s Lenders, Says Platform Should Turn Profit by 2024

Linda Yaccarino, the CEO of X, the platform formerly known as Twitter, is set to...

Friday, September 29, 2023, 04:28:00 PM

Apollo Global, Sixth Street Both Out Of Twitter Buyout Financing; Elon Musk Says They Were Never In

In a fresh “much-ado-about-nothing” moment with Elon Musk, the billionaire quelled the splash made by...

Thursday, October 6, 2022, 10:24:45 AM

Elon Musk’s Bitcoin Comments Trigger $365 Billion Sell-Off In Crypto Market

The world’s largest digital asset, bitcoin, plummeted sharply following Tesla CEO Elon Musk’s twitter comments...

Friday, May 14, 2021, 11:52:00 AM

Putting The X On Twitter: Can Elon Musk Finally Have ‘The Everything App’?

In a series of tweets starting late on Saturday, Elon Musk, the owner of Twitter,...

Monday, July 24, 2023, 10:47:33 AM

“My Son is Dead”: Elon Musk Blames “Woke Mind Virus” for Child’s Transition

Tesla and SpaceX CEO Elon Musk has sparked controversy with recent comments regarding his son’s...

Tuesday, July 23, 2024, 02:24:00 PM