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.

PTX Metals Inc. — sponsored Sponsored · PTX Metals Inc.

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

Elon Musk Resumes Selling Tesla Stock, Sees Gross Proceeds Of $1.05 Billion

After taking a breather for nearly a week, it appears Elon Musk is back at...

Wednesday, November 24, 2021, 07:33:24 AM

Elon Musk Fights Population Decline, Has Three Children In 2021

Elon Musk, the wealthiest person on Earth, has a lot going on. It seems that...

Thursday, July 7, 2022, 02:18:00 PM

Elon Musk Unloads $3.99 Billion Worth of Tesla Shares In Two Days

Elon Musk is evidently in need of some liquidity. The Tesla (NASDAQ: TSLA) CEO this...

Thursday, April 28, 2022, 10:30:01 PM

Fidelity Cuts Value Of Twitter By 71% From Purchase Price

Fidelity Investments has further reduced the valuation of its shares in X Holdings, previously known...

Monday, January 1, 2024, 12:06:00 PM

Widespread Twitter, Instagram, Youtube Outage Leaves Users Frustrated

Twitter and Instagram users began reporting widespread interruptions with their social media accounts on Wednesday,...

Wednesday, February 8, 2023, 08:11:53 PM