The Kashmir Pulse

NEW DELHI: Twitter’s new owner Elon Musk has started paid verification service for verified 'Blue Tick' users of the micro-blogging platform, which will cost around Rs 719 per month in India, said reports. Several Twitter users in India reported having received messages urging them to sign up for Twitter Blue. However, only iPhones presently support the upgrade. In the upcoming days, everyone is anticipated to have access to the service.

Users who sign up for Twitter Blue will receive a "blue tick" without having to be verified. Elon Musk, the new owner of the microblogging site, has also stated that priority will be given to subscribers in terms of reach and display. Twitter's strategy to introduce a monthly charge for the verified badge has polarised users globally.

Since completing the Twitter deal, the wealthiest man on the planet has made a flurry of decisions impacting the working of the social media giant that has millions of daily active users. Talking about these decisions on Wednesday, Musk announced in a tweet that the social media giant will do a lot of dumb things in the coming months on a trial-and-error basis.

"Please note that Twitter will do lots of dumb things in the coming months. We will keep what works and change what doesnt," he tweeted. Among the biggest change that Twitter is seeing is the inclusion of the new USD 7.99 per month Blue subscription. However, Musks decision to implement the blue tick fee did not go well with many.

Even some advertiser pulled back their leg from the site. Further, a second verification label has been rolled out to limit confusion between legitimate accounts and those that pay for their blue ticks.

Verified accounts will now come with an "Official" label beneath their username, complete with a grey verification checkmark in India, ahead of the roll-out of blue tick subscriptions, the "official" label was noticed on the Twitter handles of various Indian government organizations.

However, the newly launched feature was stopped soon after it was launched and appeared on various user profiles. In response to a tweet from tech YouTuber Marques Brownlee about the Official badge, Musk said, "I just killed it."

Apart from the "blue tick fee", Musk has also been receiving a lot of hate on Twitter for laying off employees. Defending his decision to fire employees, Musk said in a tweet that it was needed as Twitter was losing more than "USD 4 million per day". Also, celebrities including Whoopi Goldberg and Gigi Hadid quit Twitter in the days following its acquisition.

Meanwhile, Musks net worth has dropped below USD 200 billion as investors dumped Teslas shares on fears that the top executive and largest shareholder of the world`s most valuable electric-vehicle maker is more preoccupied with Twitter, reported Reuters on Wednesday.

NEW DELHI: Twitter’s new owner Elon Musk has started paid verification service for verified 'Blue Tick' users of the micro-blogging platform, which will cost around Rs 719 per month in India, said reports. Several Twitter users in India reported having received messages urging them to sign up for Twitter Blue. However, only iPhones presently support the upgrade. In the upcoming days, everyone is anticipated to have access to the service.

Users who sign up for Twitter Blue will receive a "blue tick" without having to be verified. Elon Musk, the new owner of the microblogging site, has also stated that priority will be given to subscribers in terms of reach and display. Twitter's strategy to introduce a monthly charge for the verified badge has polarised users globally.

Since completing the Twitter deal, the wealthiest man on the planet has made a flurry of decisions impacting the working of the social media giant that has millions of daily active users. Talking about these decisions on Wednesday, Musk announced in a tweet that the social media giant will do a lot of dumb things in the coming months on a trial-and-error basis.

"Please note that Twitter will do lots of dumb things in the coming months. We will keep what works and change what doesnt," he tweeted. Among the biggest change that Twitter is seeing is the inclusion of the new USD 7.99 per month Blue subscription. However, Musks decision to implement the blue tick fee did not go well with many.

Even some advertiser pulled back their leg from the site. Further, a second verification label has been rolled out to limit confusion between legitimate accounts and those that pay for their blue ticks.

Verified accounts will now come with an "Official" label beneath their username, complete with a grey verification checkmark in India, ahead of the roll-out of blue tick subscriptions, the "official" label was noticed on the Twitter handles of various Indian government organizations.

However, the newly launched feature was stopped soon after it was launched and appeared on various user profiles. In response to a tweet from tech YouTuber Marques Brownlee about the Official badge, Musk said, "I just killed it."

Apart from the "blue tick fee", Musk has also been receiving a lot of hate on Twitter for laying off employees. Defending his decision to fire employees, Musk said in a tweet that it was needed as Twitter was losing more than "USD 4 million per day". Also, celebrities including Whoopi Goldberg and Gigi Hadid quit Twitter in the days following its acquisition.

Meanwhile, Musks net worth has dropped below USD 200 billion as investors dumped Teslas shares on fears that the top executive and largest shareholder of the world`s most valuable electric-vehicle maker is more preoccupied with Twitter, reported Reuters on Wednesday.

NEW DELHI — Twitter has been finally acquired by Elon Musk. The social media confirmed the news by sharing that an entity owned by Elon Musk offered $54.20 per share in cash to acquire Twitter.

Musk has bought Twitter for around $44 billion. With this, Twitter will now be a a privately held company.

“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders," said Bret Taylor, Twitter’s Independent Board Chair.

Talking the price per share, the stockholders will get $54.20 in cash for each of the share which is a 38% premium to Twitter’s closing stock price on April 1, 2022.

“Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important. 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," said Mr. Musk.

“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it," said Parag Agrawal, CEO, Twitter.

Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21.0 billion equity commitment.

Meanwhile, Twitter plans to release its first quarter fiscal year 2022 results before the market open on April 28, 2022.