The status quo is that you need to be a Lord to get the blue check.

This makes it available to anyone who is able to get a Netflix subscription.

It goes from a status symbol to a commodity. The Lords will hate it because it makes it available to the peasants.

He did say it will be scaled by PPP by region, which is interesting. Curious to see how that will play out, if taken literally I should be paying like $3 USD which seems fine to me but is still out of reach of most of my country for logistic reasons rather than outright money reasons.

"You get as much speech as you want to pay for" is probably the single least surprising take from the VC elite.

...but you gotta be grateful for it! (or else...)

Only half a billion ads instead of a billion. Also conveniently not mentioning any metrics, ad size, length, persistence etc.