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.


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

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Selkirk Copper Strikes New Lens Beneath Old Pit, Launches 50,000 Metre Phase 2 Program

Silver47 Pulls High-Grade Gold and Silver Assays from Nevada Vein Network At Kennedy

Related News

Elon Musk, Free Speech Absolutist, Restricts Twitter Accounts In Turkey On Election Eve

Twitter stated Friday night that it is banning some tweets in Turkey ahead of the...

Monday, May 15, 2023, 07:24:00 AM

Twitter Moves To Enable Stock Trading With eToro Partnership

Through a partnership with social trading platform eToro, Twitter will provide its users with access...

Thursday, April 13, 2023, 09:22:37 AM

Twitter’s Now Worth Just A Third of What Elon Musk Paid for It

A Fidelity fund recently marked down the value of its equity stake in Twitter, signaling...

Wednesday, May 31, 2023, 01:35:03 PM

Elon Musk Couldn’t Help But Be Weird About Taylor Swift, Says He’ll Give Her A Child

Taylor Swift, arguably the most influential musician in the world, has thrown her support behind...

Thursday, September 12, 2024, 07:00:00 AM

Elon Musk Starts Week Off With $930.7 Million In Tesla Stock Sales

A trend is developing in the stock sales of Tesla (NASDAQ: TSLA) CEO Elon Musk....

Tuesday, November 16, 2021, 08:08:11 AM