On a tweet by writer Stephen King objectioning to $20, Musk wrote, "We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?"
We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?
— Elon Musk (@elonmusk)
November 1, 2022
Currently, Twitter Blue can be availed at $4.99 per month and provides additional features like ad-free articles and a home screen icon that has a different colour.
For a $19.99 subscription, or $8, as the case may be, Twitter may offer paid verification. This would be the first time when the users would be able to actually purchase the "Blue Tick". Musk, on Sunday, tweeted that the company is "revamping" the current verification process.
On Sunday, Musk also reportedly told its employees that they must meet the deadline or "pack up and leave", The Verge reported.
Musk, on his first day at the company on Thursday, fired the top management including chief executive officer (CEO) Parag Agrawal and Vijaya Gadde, the legal affairs and policy chief.
Media reports have claimed that Musk may soon lay off as much as 50 per cent of the staff at Twitter. He may also soon introduce a mechanism to reduce the prevalence of bots on Twitter. Also, he is keen on making half of the company's overall revenue through subscriptions.