Selling Blue Checks hits the reset button on Twitter's anointed elite
boingboing.net
boingboing.net
This move, in a way, gets rid of that subjective decision making and restores the objectivity of the process back to just checking against an ID. Of course, this requires some infrastructure and resources, both human and machine, and the ongoing $8 fee (adjusted by PPP) is justified.
Steven King went viral threatening to leave the platform and I and everybody pointing fingers at Elon and I’m just here thinking “why does Steven King care so badly?”
Charging for that is just hostile to the community at large. It basically holds everyone hostage. How do you know the account you are looking at is controlled by the "actual" person in question?
At least, probably I think this is an issue.
“Important” is incredibly subjective.
It’s also extremely unlikely anyone would pay $96 per year, per bot, so it’s expected that problem would work itself out.
Bitcoin scammers are also typically not poor, but usually have enough cryptocurrency to buy stolen credit card databases.
You seem perfectly okay with those people being held hostage but then complain when a rule is applied equally to everyone. Seems to me your idea is: rules for thee but not for me.
Then again so is Bernie Sanders and Nancy Pelosi. Who is the other half of the US population being held hostage by that group. Do you really think Communists make up 50% of the US population?
The person I responded to said its used to verify your identity. If that was the case anyone who verified their identity should have one. But that is not how it worked. You could verify your identity and still not get a blue check mark if the committee decided to not give you one.
Also I'm confused where you got communists? I never once said anything about communists. At least try to have a good faith discussion instead of making up random things.
https://nitter.net/TwitterSupport/status/930926295034224641
"This perception became worse when we opened up verification for public submissions and verified people who we in no way endorse"
Directly from the horse mouth. Blue check marks are for people they endorse. They changed to rules to ensure it stayed that way.
Otherwise I think there's too much counter-evidence to your anecdote.
But as a business, Twitter doesn't want to kill off their advertising revenue. I'm not a fan of Stephen King and don't care what he thinks, but his followers probably bring in more than $8 of ad revenue.
Stephen King cares because he aligns with the Progressive Left as his tribe.
It doesn't matter whether the policy is equally fair, it only matters whether it possibly allows people on the political Right to start speaking on Twitter again. Not that this move guarantees anything like that, but it is perceived that this could be the result.
tl;dr: Stephen King has been led to believe this is the plan to get Trump back on Twitter.
Twitter's revenue is $5 billion-ish. The new interest payments are estimated to be $1.3 Billion/year IIRC (~10%, as a large chunk of it was fixed in April 2022, when interest rates were better). Hardly a "double the revenue" situation. So that already stands out to me as a rather problematic start to the article.
That being said, the rest of the point of the article seems correct to me. But its incredibly important to get a good grips on the scale of the problem here.
Elon now needs to deal with a ~$1.3 billion/year interest on top of all the other costs of Twitter, in a rising interest-rate environment. I don't think $8 / month over even millions of users will get there (and I'm not sure if Twitter will get millions of users to subscribe to the model).
Most quarters Twitter operates at a loss. 2021 its profit was less than $1B.
Looking at the 2021 10-k statement, I don't know what number has to "double" to cover the estimated new loans (and besides, no one seems to have reported on the details of these new loans either. Even the $1.3 billion/year estimate I put forward is just a round-assumption of 10%ish payments).
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That paragraph there is... complete nonsense. I think its fair of me to point it out.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/947c0c3...
1. https://www.latimes.com/archives/blogs/technology-blog/story...
No, he won't quit and neither will the vast majority of them either.
A blue checkmark for everyone at $8/month. And a green checkmark with a pretty badge for extensively verified individuals. This green checkmark should be unique enough to stand out from the blue one. These individuals must go through an extensive process. and the cost is $100/month.
I also don't agree the blue checkmark is an ego thing, but just that it's necessary to do publicity work on Twitter.
Edit: getting downvoted, because people think this is wrong, and that Twitter elites do care? Or does this somehow come across as trolling, or against the spirit of HN?
I'm guessing this will soon go behind a paywall.
In the past, it meant that the platform backed you and thought you were important.
Verified status had nothing to do with actually verifying the identity of who the person actually was. If it did then it would have been available to everybody, not the coterie that Twitter management anointed and specially protected.
Making it a $8 sub without identity verification is just as meaningless as it current is except with expanded application and a way to make money instead of stroking the ego of those that have it and frustrating those who can't get it.
Where does it say that they're dropping identity verification?