News »

Elon Musk announces what the full review of the Twitter account verification process will look like

twitter-elon-musk-e1667217547278The new policy is changing Twitter Blue, the company’s optional $4.99-a-month subscription, to a $19.99 one that also includes user verification.

Billionaire Elon Musk, who last week acquired the social network Twitter, announced a complete overhaul of the platform’s user account verification process. “The entire verification process is being revamped right now,” Musk wrote on Twitter last Sunday, without elaborating.

After a user’s account is verified or authenticated, a blue icon appears next to the name. According to the platform’s rules, the account must be active and “associated with a known person or brand” to pass verification.

According to familiar sources and internal correspondence seen by the specialized portal The Verge, the new directive is going to change Twitter Blue, the company’s optional subscription of $4.99 per month, for one of $19.99 that also includes verification. of the users.

Employees working on the project were informed last Sunday that they have to meet a deadline of November 7 to launch the feature or they will be fired, according to the aforementioned media.

It was also learned that the billionaire Saudi prince Al Walid bin Talal has become the second largest investor in Twitter, after the CEO of Tesla and SpaceX, Elon Musk, completed the acquisition of the social network for 44 billion dollars. and now be in charge of the company.

According to a statement published last Friday in Al Waleed bin Talal’s account, his conglomerate Kingdom Holding Company (KHC), one of the most successful international investment companies, and the private office of the prince himself “announce the transfer of his ownership of existing Twitter stock (34,948,975 shares) valued at $1.89 billion to the ‘new’ Twitter, led by Elon Musk.”

At the same time, it is noted that KHC and the prince “are jointly the second largest investor”, after Musk. “This deal is in line with the long-term investment strategy for which Kingdom Holding Company is known,” the statement published under the prince’s comment concludes: “Dear friend ‘Chief Twit’ (Twitter boss), Elon Musk. Together all the way.”

In April, Twitter announced that it had reached a definitive agreement with Musk to sell the company for $44 billion, or $54.20 per share. In July, the tycoon suddenly canceled the acquisition agreement, for which the social network filed a lawsuit to force him to fulfill his offer. Later, he filed a counterclaim.

Last Thursday, the businessman confirmed the purchase of the platform less than 24 hours before the expiration of the term that a court had given him to open a process if the acquisition was not formalized.

TWP: Elon Musk could fire 25% of Twitter employees

Roughly a quarter of Twitter’s staff will lose their jobs in a first round of layoffs within the company, now that Elon Musk has taken over, says the US newspaper The Washington Post with reference to sources familiar with the matter.

Members of Musk’s inner circle met this weekend with company executives to discuss details about new policies that will govern the social network and initial plans to cut staff.

According to the WP report, attorney Alex Spiro, Musk’s longtime legal representative, led the talks, which were attended by David Sacks and Jason Calacanis, former associates of the tycoon.

It is estimated that about 2,000 people may be removed from the payroll of the company, whose workforce is estimated at more than 7,000 employees.

The layoffs in the coming days will affect all departments, but especially the sales, product, engineering, legal and security sections, detailed one of the sources on condition of anonymity.

On Saturday, The New York Times reported that the layoffs will take place “by November 1, the date employees were supposed to start receiving stock grants as part of their severance pay.” However, the next day Musk himself described the report as “false”.

On Saturday, The New York Times reported that the layoffs will take place “by November 1, the date employees were supposed to start receiving stock grants as part of their severance pay.” However, the next day Musk himself described the report as “false”.

On Thursday, the tycoon ruled out that he had plans to expel 75% of the workforce, something that some media had hinted at. Meanwhile, a third person put the percentage of layoffs at about 50%, citing Jared Birchall, Musk’s right-hand man.

So far, the CEO of Tesla and SpaceX has only fired a few top executives and sent engineers from his automaker to assess Twitter’s software code, saying he plans to form a content moderation expert council.

(With information from RT in Spanish)

 

 

Make a comment

Your email address will not be published. The mandatory fields are marked. *

*