Musk: Don't be afraid, join hands with me on a $250 billion market value journey.In the past week, Twitter has once again pushed itself to the forefront with its strength, first by publicly publishing its code on GitHub last Friday and accepting public scrutiny; Restart 'TwitterBlue' over the weekend and continue to try 'subscription service revenue generation'; On Tuesday, the homepage logo was changed, and Doge was launched, replacing Bluebird
Musk: Don't be afraid, join hands with me on a $250 billion market value journey.
In the past week, Twitter has once again pushed itself to the forefront with its strength, first by publicly publishing its code on GitHub last Friday and accepting public scrutiny; Restart 'TwitterBlue' over the weekend and continue to try 'subscription service revenue generation'; On Tuesday, the homepage logo was changed, and Doge was launched, replacing Bluebird.
In just a few hours after announcing open source, the project received 13.5KGithubStar; Subscription service restart, nationwide warming up, commemorating Blue V; Doge has transformed into a Twitter logo, soaring by over 30% in just a few minutes.
All indications indicate that Twitter's "Martensian shock therapy" has officially started its second season. Can this social media platform still withstand such a tumultuous valuation from $44 billion to $20 billion, with less than 2000 team members?
Sharpen the knife and rush towards the star
After acquiring Twitter for $44 billion in October 2022, Musk has been trying to increase platform revenue and break away from its dependence on advertising by pushing more users to pay subscription fees.
Therefore, Musk's first move after taking over Twitter was to launch the "TwitterBlue" paid authentication service. TwitterBlue provides a blue authentication logo to any user willing to pay $8 per month, as well as a gold authentication logo for commercial organizations and a gray authentication logo for government affiliated accounts or multilateral organizations.
However, there was no review of the "authentication" behind this, which means that any Twitter user can assume to spend money to impersonate a public figure or company. As a result, Twitter was quickly overwhelmed by accounts that impersonated Nintendo, pharmaceutical company Lilly, Tesla, and SpaceX, and Twitter had to suspend the registration of "TwitterBlue" a few days after the service was launched.
And just last month, Twitter announced that it will restart "TwitterBlue" on April 1st, and unpaid users will lose their authentication identity.
The restarted 'TwitterBlue' charges $8 per month for online users and $11 per month for iPhone or Android users. Paid users can see fewer advertisements, post longer videos, and their tweets will be more prominent; Meanwhile,Verification agencies with gold markings are charged $1000 per month, but there are some exceptions, such as the 10000 institutions with the most followers on Twitter being exempt from this regulation
A few days before the restart of "TwitterBlue" on Saturday, many celebrities, such as NBA star James and Star Trek actor Shatner, expressed opposition, saying
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Last weekend, despite Twitter removing authentication tags from some accounts, including the New York Times,
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Perhaps the speculation that Doge will replace Bluebird is false, butMusk's preference for Doge must be true!
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