The new date is Nov 5, 2022.
As Musk scrambles to find ways to generate more revenue, it was a bumpy release that followed through on his pledge to launch new features to the subscription model.
The blue subscription model was launched by the micro-messaging service.
A blue checkmark, which had previously been reserved for verified accounts, now comes with half the ads and much better ones.
A new feature will allow users with blue checkmarks to post longer videos and have their content prioritized in replies, mentions and searches.
Four days after Musk announced the plan, he said the current lords and peasants system was bulls**t.
About 300,000 of the 237.8 million users on the service have blue-check verification, and they will need to pay an $8 monthly fee to keep their blue-check status.
Several users complained that the new features hadn't materialized, suggesting that the process wasn't ready to be rolled out. Esther Crawford, the director of product management, responded to one of the complaints, saying that the new version and all the accompanying features weren't live yet.
Will Musk raise the price of the subscription? If you sign up now, it will cost you $7.99 per month, suggesting there could be a future price hike. According to earlier reports, Musk could charge as much as $20 a month, but he walked back that number when Stephen King said that he should be paid. Musk said we need to pay the bills. Advertisers cannot be relied on completely. How about an amount of money?
$12 billion. According to reports, several major banks, including Bank of America, are providing Musk with financing for his acquisition. It would take over 10 million users to pay off the debt, according to Forbes. If adoption is strong, the $8 fees could bring in between $230 million and $290 million, according to Forbes. The person asked if it could generate $1 billion.
In order to differentiate its verification model from its Blue subscription program, which costs $4.99 a month and gives users the ability to untitrate, the company also provided a navigation bar and priority customer support. The verification model has been kept to accounts that are notable. Several accounts that violated the company's policies, despite receiving blue checkmarks, led to the suspension of the verification program. There was a suspension on the program.
Speaking at a Baron Investment Conference Friday, Musk admitted that he tried to back out of his $44 billion offer since he first announced it in April, as the company was facing serious revenue challenges and cost challenges. Advertisers have stopped advertising on the site due to fears that Musk could open the door for hate speech and conspiracy theories. The NAACP President asked advertisers to stop advertising because it was immoral, dangerous and destructive to our democracy for a company to fund a site that fuels hate speech. Musk promised in an open letter last week that he wouldn't let the platform descend into a "free-for-all hellscape" without consequences. Musk blamed activist groups for pressuring advertisers to pull ads and said he has not changed the company's moderation policies.
The blue checkmark will be sold for $8 a month.
It won't be enough for Musk to pay his bills on his social media accounts.
Musk acknowledges trying to back out of the deal, but says nothing has worked.
Musk claims platform rules don't change after he dropped the N-word.
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