Twitter Update – Elon’s Subscription Model
It’s fair to say that the most active user on Twitter since Elon Musk officially acquired the company is Musk himself, sharing his opinions to and plans regarding the company with the public. Last week, we discussed how Musk is looking to implement a subscription model of $8 per month for those who want a blue check next to their name, and that wasn’t just a blind suggestion from the visionary. Musk started offering subscription options on the platform in a recent software update, although some reports say that it’ll be live after the midterm elections. The subscription has caused some outrage among users, with Congress representative Alexandria Ocasio-Cortez having a back-and-forth with Musk on the platform.
More importantly, Musk made one of his first free speech tweaks to the platform in something that has raised some eyebrows. Under Twitter policy, those who are impersonating other accounts will be permanently suspended unless it is specified as a parody, which is a change from the warning users get right now to edit their content before a suspension. This comes after Musk was impersonated and mocked by many on the platform, including celebrities like Kathy Griffin and Sarah Silverman. Griffin’s account is currently suspended, while Silverman was temporarily locked out, and this decision rubbed some the wrong way. It is unclear if this is a personal vendetta or a policy Musk wanted to implement from the start, but some experts worry that it could go against Musk’s beliefs of free speech. This is because people could censor themselves from posting negative things about Musk in fear of retaliation, which likely isn’t Musk’s goal but rather a by-product of his decision. Musk also walked back on his “moderate” stance on Twitter politics, calling for followers to vote Republican in the midterm elections today. It’s continuing to be a bumpy ride for Twitter users, but what could you expect?
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.