Doge twitter logo10/31/2023 The company, which is now valued at half of what it was when Musk bought it, is still bleeding advertisers that are put off by Musk’s antics. But there’s a simpler reason that’s also driving this push: Twitter needs to make more money. In his explanation of the upcoming feed change, Musk said that Twitter has to charge users to make sure people aren’t actually spam bots. “There’s plenty of people who are complete trolls and are looking to just get attention for ridiculous behavior for whom $8 a month is a pittance to pay.” “The notion that by virtue of being willing to pay $8 a month means that you are a higher-quality account or worthy of being verified is a really reductive analysis,” said Jason Goldman, a VP of product at Twitter from 2007 to 2010. That’s because Musk is changing the incentives to Twitter’s core product, its recommendation algorithms, to an extent that it could potentially fill the average user’s experience with lower-quality content. The checkmark part of Musk’s plan has received a lot of attention - in part because it involves famous people - but it’s the changes to Twitter’s feed that are potentially just as, if not more, impactful. Many are concerned that it could become even easier for public figures who don’t pay for a checkmark to be impersonated. On March 31, some major accounts like the White House and LeBron James said they would not be paying for a checkmark - not a good sign for the impending rollout. Musk said that on April 1 he’d remove “legacy” verification checkmarks from notable accounts that had them for free, including news organizations, politicians, and researchers. This move is the next step in Musk’s plan to try to get more people to subscribe to Twitter Blue. Since Twitter didn’t confirm the changes, it’s unclear if this was a bug or intentional.Įither way, Musk’s plan is to fill your Twitter feed with a higher ratio of paid accounts, and is pressuring more free users to pay for what was once considered a given. The sudden appearance of random accounts in the Following tab may have an explanation: Twitter seemed to stop showing some users whether tweets were directly from people they followed, or retweets of other users’ tweets. The For You offered users an approximation of the old, pre-Musk Twitter experience, but now, even that’s not the same. Users used to be able to escape the randomness of the For You feed by using the Following tab, which showed you accounts of people you followed ranked chronologically. The introduction of random accounts in the Following tab added insult to injury. The ridiculous but important Twitter check mark fiasco, explained. Musk’s legal team asked a court to dismiss the dogecoin suit a few days before doge appeared on Twitter’s site. We don’t know exactly why the doge logo suddenly appeared at the top of the homepage, but there is one relevant piece of news people are pointing to: Elon Musk is currently facing a $258 billion lawsuit alleging that he ran a pyramid scheme to support dogecoin. He changed the Twitter homepage’s icon from its classic blue bird logo to “doge” - the cartoonish Shiba Inu dog meme linked to the cryptocurrency dogecoin - and for some users, the app started seemingly inserting tweets from accounts people didn’t follow into the their Following feed. It’s just one of several seemingly random changes Musk has been making to Twitter’s core user experience without explanation. Musk tweeted that, starting April 15, Twitter will only recommend content from paid accounts in the For You feed, the first screen users see when they open the app. But soon, if you want your voice to really be heard in the town square, you’ll need to pay. Tesla bought $1.5 billion of Bitcoin in February 2021, although the company offloaded 75% of its holdings amid a market downturn in mid-2022.When Elon Musk took over Twitter, he said he wanted to protect its place as a “digital town square,” where ideas from all corners of the internet could flourish. as a payment processor.ĭogecoin has not been Musk’s sole foray into crypto. In January, the Financial Times reported that the company was applying for regulatory licenses to operate across the U.S. He first floated payments for Twitter in a pitch deck to investors in May-the platform currently has a tipping feature, although it only generates around $15 million annually. One possible path forward is transforming it into a payments service, where users would be able to transfer both fiat and cryptocurrency to creators and other users. With Musk’s Twitter experiment proving a financial challenge, experts have speculated as to his long-term plan for the platform. The new CEO of Twitter is amazing /yBqWFUDIQH- Elon Musk February 15, 2023 In December 2021, he boasted that Tesla would begin accepting Dogecoin for some of its merchandise. Musk, an infamous promoter of memes, has often latched on to Dogecoin’s internet popularity, even before buying Twitter.
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