The New York Times reported that the new verification system will not be rolled out until after the elections.
On May 27, 2020, Musk will speak at the Kennedy Space Center.
The new verification launch will be moved to November 9 after the election, according to an internal post seen by the New York Times.
The new verification system will be delayed according to two people with knowledge of the decision.
Many employees and users have spoken out about concerns of misinformation and election interference since the company announced plans to switch to a subscription model.
On Friday, mass layoffs that affected half of the company's 7,500-person workforce, including many of its public relations employees, were announced.
The paid verification system is now part of the platform. The company said that users who pay for verification checkmarks will be able to post longer videos that are prioritized in replies, mentions and searches. There was a proposal to charge $20 per month for the subscription. In an interaction between Musk and Stephen King, Musk said we need to pay the bills. Advertisers cannot be relied on completely. How about an amount of money?
A total of $43 billion. That is the amount of money Musk paid for the social network. During a talk at the Baron Investment Conference last week, Musk said the company was a poorly managed business that he bought on the basis of what it could become. He said that the company has done its best to appease brands and that nothing has worked.
It is estimated that Musk is the wealthiest person on the planet.
After acquiring a 9% stake in the company, Musk said he wanted to buy it. In July, he changed his mind and said he was concerned about the number of fake accounts on the platform, which led to a lawsuit being filed against him. Over the last few months, his stated plans have varied, but he has proposed charging users for certain features, loosened the site's moderation rules and made ads more tailored.
Changes to check Mark Badges will be delayed until after the mid-term election.
Musk acknowledges trying to back out of the deal, but says nothing has worked.
The video of Musk carrying a sink through the headquarters is the most popular this week.
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