Elon Musk Will Reportedly Charge Twitter Users $20 USD per Month for Verification

According to recent reports, Twitter is planning to start charging $1 a month for verification. According to the latest report, the entire verification process is going to be renewed now that it is owned by Elon Musk, and worse, people who have already had it will need to pay 20 USD a month if they want to keep it.

Twitter is looking at turning its verification system into a revenue generator, and CEO Elon Musk has reportedly said that if this is not implemented swiftly, he will be firing employees. The report from The Verge comes one day after Elon Musk mentioned on a tweet that Twitter would overhaul the process for verifying users on Twitter. Elon Musk announced on Sunday Twitter would overhaul its user verification process, days after the South African-born billionaire took control of one of the worlds most-used social media platforms.

In the past, Crypto-friendly billionaire Elon Musk has highlighted a number of areas on social media platform Twitter he wants to see changed, his stated top priority being reducing the number of fraudulent tweets about crypto, and he once planned to charge users 0.1 Dogecoin ($0.07) - far less than a half-cent -- for posting to Twitter, only to later acknowledge it was unfeasible. Elon Musk plans to charge $20 a month for the Blue Verification Mark on Twitter after taking control of the social media company Thursday. According to The Verge, Elon Musk wants to charge individuals $19.99 a month for the new Blue Twitter membership, which is currently $4.99 per month.

The tech tycoons aim is to overhaul Twitter Blue, the platforms subscription service which costs $4.99 per month, with a more expensive subscription offering users extra benefits, including verification, according to The Verge sources. Tesla CEO, nowTwitter chief Elon Musk wants Twitter to overhaul its Blue subscription service with an increased price and verified status.

Twitter plans to begin charging almost $20 per month for users to maintain their Blue badges, according to the report, part of the premium service to be launched under the direction of Elon Musk. Elon Musk has instructed Twitter employees to quadruple the price of Twitters Blue Subscription Plan, which would be the only way to retain verified-user status, The Verge reported on Sunday. Elon Musk tasked employees with revamping Twitter Blue and doubling its subscription price this week from the current $4.99 a month, according to reports published yesterday.

Twitter Blue, which currently charges $4.99 a month for subscriptions that provide extra features to Twitter, like exclusive access to premium features that allow for personalization of the Twitter experience and the ability to delete tweets, is being overhauled at up to $19.99, according to internal emails and people with knowledge of Elon Musks current changes. The latest directive seeks to shift Twitter Blue, the optional $4.99-a-month subscription for social media platform Twitter, which offers extra features, to a more expensive membership which verifies users, according to tech publication The Verge. Twitter Blue is set to get a price increase and will include the verified feature, according to sources close to the matter.

According to The Verge sources, one benefit of the new subscription bundle will be the ability to verify messages in its recently acquired Twitter. In exchange, Twitter would be adding other features, including Twitter Verification, in order to get the price for a Twitter subscription to where it wants to charge.

Twitter accounts that have verification already, according to The Verge, a news site, will need to adhere to this new mechanism, and pay up for a blue badge. Users that are currently verified with a blue ticked badge from Twitter - at no cost - who are verified will have 90 days to sign up for the new $20/month Blue Plan from Twitter, according to a new report.

Under a new verification system tied to its subscription-based service, Blue, Twitters current verified users will have 90 days to sign up or lose their blue checkmark. Doing this would create lots of interest in Blue, but it also would water down Twitters verification criteria. It is unclear if signing up for Blue for a membership fee will also grant users the blue verified check mark on Twitter.

Twitter Inc is planning to monetize the highly sought-after blue checkmark used for authenticating account holders, according to sources with knowledge of the matter, according to Reuters, which cited platformer. The tech news outlet Platformer reported Twitter is considering requiring it, citing two sources with knowledge of the matter. After taking Twitter private, its new CEO plans to raise revenues by a factor of five, according to a New York Times report.

Elon Musks been vocal in his push to increase subscriptions so they make up half the companys revenue, and in the months leading up to Thursdays $44B buyout of the company, he has been keen on overhauling Twitters review process. Tesla CEO Elon Musk has not made a final decision yet, and this project may yet get scrapped, according to reports, but there is a good chance paid verification for this would be a part of Twitter Blue. As reported by Alex Heath at The Verge, October 30, 2022, Elon Musk has reportedly started work on updating Twitters signature verified ticker system, Twitter Blue.