Twitter’s new owner Elon Musk says there will be many changes for the platform in the coming days.
Among tweets, Musk sent out to his followers recently was his warning that Twitter’s new owner Elon Musk would “do lots of dumb things in the coming months” on the platform he had just purchased.
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Elon Musk Has Made Drastic Changes to the Platform
Since taking over Twitter on October 27, Tesla’s CEO has made drastic changes to the platform and promised to continue the work. According to his statement.
The next few months will see Twitter do many dumb things. He wrote on November 9 that we would keep what works and change what does not.
Please note that Twitter will do lots of dumb things in coming months.
We will keep what works & change what doesn’t.
— Elon Musk (@elonmusk) November 9, 2022
In addition to making several changes to Twitter since taking over, Musk launched an $8 monthly subscription plan on November 9, allowing users to receive a blue verified checkmark on tweets and replies, giving them priority over unverified users and fewer ads.
Among the changes to the platform were permanent suspensions for handles that impersonate without specifying “parody”, temporary revocation of the verified checkmarks when names were changed, and the platform’s community-based misinformation project was renamed Community Notes, as well as a new shopping tab, according to some users.
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Musk commented on Twitter ads during the Q&A session at Twitter Spaces on November 9: “We are horrible at relevance,” he said before adding: “One of the ways we’re going to address that is by integrating ads into recommended tweets.”
Additionally, Musk said in a tweet on November 9 that the “official” label would be eliminated after Twitter blue was launched. However, a Twitter employee later clarified that this designation would only be given to governments and businesses at this stage, tweeting:
Product at Twitter is no longer a sacred cow. It is likely that Elon will fail at many things but it is also possible that he will succeed at some. The goal is to find the right mix of successful changes to ensure the long-term health and growth of the business.
A registration application was filed with FinCEN, which would allow the company to process payments with the Treasury Department.
Yep, Twitter Payments LLC registered with FinCEN a few days ago as a money transmitter. You can verify its registration on FinCEN’s search page: https://t.co/cKJ9rCpd2F pic.twitter.com/7zo8tWDdmq
— John Paul Koning (@jp_koning) November 9, 2022
Musk discussed Twitter’s vision for connecting bank accounts to users’ profiles in the Twitter Spaces Q&A before considering other types of transfers and debit cards.