Elon Musk on 'blue tick' criticism: You get what you pay for

Talking to Twitter, Musk wrote, "you get what you pay for" and labeled it as a "spoiler alert" for Twitterati.

AgenciesUpdated: Thursday, November 03, 2022, 10:05 AM IST
article-image
Saudi Prince Waleed bin Talal is the second largest stakeholder. | File Photo

Washington: After facing criticism for his plan to charge Twitter users USD 8 a month to get or keep a verified account, Tesla CEO Elon Musk comes up with a cryptic tweet that one gets what one pays for.

Talking to Twitter, Musk wrote, "you get what you pay for" and labeled it as a "spoiler alert" for Twitterati.

He further said, "Being attacked by both right & left simultaneously is a good sign".

"Twitter is simply the most interesting place on the Internet. That's why you're reading this tweet right now," the Tesla CEO added.

Soon after Musk announced his plan for a new Twitter version, people expressed their disappointment over his decision.

Musk to charge Twitter users

Musk's plan to charge Twitter users to get a verified account quickly prompted outrage and disbelief among some longtime microblogging site users. However, the backlash did not affect Musk.

On Wednesday morning, he took to Twitter and reaffirmed his stance on the matter at hand."To all complainers, please continue complaining, but it will cost USD 8," he tweeted.

"Totally stole idea of charging for insults & arguments from Monty Python tbh," Musk later added.A day ago, Musk announced what amounted to a Twitter plus paid subscription service that will allow users to post long videos, and audio and also combat "spam and scam." "Twitter's current lords & peasants system for who has or doesn't have a blue checkmark is bullshit. Power to the people! Blue for USD 8/month," he tweeted.

Meanwhile, Musk who closed the USD 44 billion twitter acquisition deal and took control of the micro-blogging platform has changed his bio to "Twitter complaint hotline operator." The Twitter Blue subscription launched widely almost a year ago as a way to view ad-free articles from some publishers and make other tweaks to the app, such as a different color home screen icon.

Twitter accepted Musk's proposal to buy

In April, Twitter accepted Musk's proposal to buy and take the social media service private. However, Musk soon began sowing doubt about his intentions to follow through with the agreement, alleging that the company failed to adequately disclose the number of spam and fake accounts on the service. In July, in a surprising turn of events, Elon Musk who had long been showing his interest to buy Twitter terminated the deal. The Tesla CEO did so by alleging that Twitter violated their mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.

After Musk put out the deal termination announcement, the market saw a sharp decline. Later, Twitter sued Musk accusing him of using bots as a pretext to exit a deal. Again, last week, Musk confirmed that he would move forward with the Twitter buyout at the originally agreed price of USD 54.20 per share.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

India-Australia Trade Deal: Which are the Gaining Sectors?|Teji Mandi Explains

India-Australia Trade Deal: Which are the Gaining Sectors?|Teji Mandi Explains

Rupee gains 5 paise to close at 81.66 against US dollar

Rupee gains 5 paise to close at 81.66 against US dollar

Max Financial gets IRDAI nod to increase its stake in Max Life by 5.17% to 87%

Max Financial gets IRDAI nod to increase its stake in Max Life by 5.17% to 87%

Honda's outdated cars to be scrapped by Maruti Suzuki Toyotsu

Honda's outdated cars to be scrapped by Maruti Suzuki Toyotsu

Closing bell: Indices close at record high; Sensex gains 211 points, Nifty above 18560

Closing bell: Indices close at record high; Sensex gains 211 points, Nifty above 18560