Things are happening quickly on Twitter after Elon Musk acquired the media platform. First, Musk started chipping off the excess flab in the company, and many extra employees were handed over the pink slip, including the CEO Parag Agrawal.
Many employees have been retrenched, and Elon Musk has asked them to wait for an official e-mail informing them if they are still on the company’s payroll or have been retrenched. The Twitter deal has also hit problems with the US SEC investigating whether foreign companies have invested in the contract.
As per law, foreign entities are not allowed to invest in US-registered companies and are considered a security threat. The large-scale entrenchment has also triggered massive outrage, and employees plan to take legal resort.
$8 Twitter Blue Plan
The changes are being effected on a large scale. The latest is the introduction of how the media platform verifies user accounts, including charging Social $8 per month for the privilege. It has also rolled out a new premium service Twitter Blue which will have a fee.
Another important feature will be the priority ranking of “quality content,” which will be featured in Twitter Blue. As per Twitter, the section will feature increased subscribers’ exposure in responses, mentions, and searches. Twitter also said this would reduce “scams, spam, and bots.”
Twitter Blue will be available initially only in the U.S., Canada, Australia, New Zealand, and the U.K. Currently; Twitter Blue will only support iOS devices. However, not everyone is excited, and some experts feel it is premature. Esther Crawford, a product lead at Twitter, tweeted that the new Twitter Blue plan is not live yet, but some users see notifications as part of a test.