Pharmaceutical giant Eli Lilly lost $15 billion in market cap when a fake but verified impersonator account tweeted “insulin is free now". Predictably, this caused plenty of confusion, as several impersonator accounts quickly signed up for Twitter Blue to get a blue tick and make it look like they were the real thing. Twitter also introduced a gold checkmark for organisations, charging ₹82,300 ($1,000) a month for the main account and ₹4,120 ($50) a month for each affiliate account. They also got prominence in replies and in the revamped ‘For You’ tab, which now contained a mishmash of popular and tweets to improve engagement on the platform. When Musk took over at Twitter, he promised to democratise the platform’s verification system by letting anyone acquire a blue tick – for a price – and making it part of the company’s premium offering, Twitter Blue.Īpart from getting a blue tick, Twitter Blue users could post tweets longer than 280 characters and high-res videos longer than 60 seconds, edit tweets, and see fewer ads. Despite this, blue checks soon became a status symbol. Some anonymous accounts with large followings and usually posting humorous content also came to be verified. They’ve gotten rid of a lot of good voices on Twitter, a lot of their conservative voices,” Trump said at the time.But Twitter’s method of handing out blue checks was opaque and somewhat arbitrary – it never specified the criteria for getting one. Trump’s remarks echoed the stance he outlined than an interview earlier this month with Siriux XM’s Americano Media, when he said that he “ probably wouldn’t have any interest” in returning to Twitter. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth.” Musk has vowed to overhaul Twitter with an emphasis on protecting free speech. “I am not going on Twitter, I am going to stay on Truth,” said. But Trump told Fox News that he does not intend to return to Twitter even after Musk completes his takeover of the company. Some Trump supporters have urged Musk to reinstate the former president’s account. Trump had one of Twitter’s most popular accounts – amassing nearly 90 million followers – until he was banned from the platform and other prominent social media venues following the Jan. Twitter’s board agreed to accept Musk’s offer to buy the company for $54.20 per share. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a press release after the deal was announced. That could spell trouble for Truth Social and other rival platforms that launched as an alternative to Twitter after the company’s past leadership faced accusations of censoring conservative voices. Musk has pledged to take Twitter private and overhaul the company’s policies with an emphasis on protecting free speech. The stock is down nearly 50% over the last month and nearly 40% since April 4, the day Musk first disclosed he had acquired a stake in Twitter. Shares of Digital World Acquisition Corp, the SPAC planning to take Truth Social public if it can gain regulatory approval, were down 13% by late Monday afternoon, when Twitter’s board announced it would accept Musk’s offer to buy the company for $54.20 per share. MAGA fund founder backs DeSantis over Trump for presidentīillionaire Elon Musk’s deal to buy Twitter has sparked a selloff of shares for one of the platform’s would-be rivals – former President Donald Trump’s fledging Truth Social network. Two-thirds of US disapproves of Biden on economy, immigration: pollįBI gets an ‘F’ in trust due to recent scandals, but shows absolutely no remorse Tim Scott launches 2024 Republican presidential campaign
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