Published 17:15 IST, November 3rd 2022
How much would Elon Musk's Twitter earn if all blue ticks pay $8? This will surprise you
Elon Musk recently announced that verified users will have to pay $8 to keep their blue tick on Twitter. Check how much would Twitter make if all agree to pay.
Advertisement
Elon Musk is currently at receiving end after his announcement of charging $8 monthly from verified Twitter users. tech billionaire completed acquisition deal of microblogging site in late October after paying $44 billion and has been busy with making it a 'digital town square'. Amid a number of changes including laying off 25% of Twitter employees, charging money from verified users is what has me many go berserk. said amount was brought down from $20, initial amount Musk planned on charging.
How much would Twitter monthly make from verified users as things stand?
According to a report by Statista, Twitter currently has 4,24,000 verified users as of 2022. If all of se users agree to pay $8 to keep ir blue tick, Twitter would generate about $3.4 million every month or roughly Rs 28.2 crore (per current Rupee strength). It is worth mentioning, however, that this number could see a significant increment since any user could now get blue tick bge if y are rey to shell said amount. On or hand, this number could also dip as many have rey to bid farewell to ir verified accounts whereas some have threatened to quit Twitter altoger.
Advertisement
What’s also worth mentioning is that current number of verified accounts make just 0.2% of total daily active users as per Statista, which is estimated to be 240 million (24 crores). In a hypotical situation, where all of se accounts acquire blue tick shelling $8, Musk would rake in a whopping $1.92 billion every month.
On November 1, Musk criticised 'lords & peasants system for who has or doesn’t have a blue checkmark' before announcing subscription charges. He said that verified accounts would get "Priority in replies, mentions & search, which is essential to defeat spam/scam, Ability to post long video & audio, Half as many s (sic).
Advertisement
idea of Twitter verification was first introduced in 2009 and was me available for public officials, agencies, artists, athletes and or well-known personalities to dress problem of impersonators. verification process, however, was subject to controversies due to alleged non-transparency, which me Musk call it "bull****".
Criticism grows against Twitter blue tick subscription
Renowned author Stephen King was among several users who raised objections against Musk's decision to charge verified users. “$20 a month to keep my blue check?” King tweeted to his 6.9 million followers. “y should pay me. If that gets instituted, I’m gone like Enron.” As complaints continue to grow, Musk seemed unflinched as he tweeted, "To all complainers, please continue complaining, but it will cost $8".
Advertisement
17:08 IST, November 3rd 2022