Musk — who bought the social media giant for $44 billion last month — officially launched Twitter Blue for $7.99 a month to users with verified accounts. Twitter announced the move on Saturday … and tried to make it appeal to the masses with reference to star power. Entering Twitter HQ – let it sink in! pic.twitter.com/D68z4K2wq7 — Elon Musk (@elonmusk) October 26, 2022 @elonmusk The statement began… “Get Twitter Blue by signing up now. Blue checkmark: Power to the people. Your account will have a blue checkmark, just like the celebrities, companies and politicians you follow.” The company then announced plans to cut half the ads and make the rest much better. “Since you support Twitter in the fight against bots, we’ll reward you with half the ads and make them twice as relevant.” It also committed to allowing users to post extensive videos and giving them priority ranking for quality content in the form of replies, reports and searches. Musk hopes that by charging a monthly user fee he will be able to offset the large losses he has accumulated since Twitter’s massive purchase in late October. Getty
Elon Musk says Twitter layoffs were due to $4 million a day loss
Elon insists the San Francisco-based company is hemorrhaging $4 million a day, laying off half its workforce — or about 3,700 employees. After receiving an ominous email about the pending layoffs, Twitter workers filed a class-action lawsuit to try to save their jobs, claiming Musk had given them insufficient notice, which violated federal and California law. Play Video Content 10/26/22 TMZ.com Clearly, their efforts didn’t pay off… but Musk eased their pain by giving the laid-off workers 3 months of severance pay, which he claimed was “50% more than required by law.”
