Twitter’s new proprietor Elon Musk has requested his followers to organize for “a number of dumb issues in [the] coming months” on his newly acquired social media platform.
The Tesla CEO, now sole director of Twitter has already made a swathe of modifications to the platform since taking on the corporate on Oct. 27, and has now pledged to proceed the work over the approaching months, stating:
“Please word that Twitter will do a number of dumb issues in coming months. We are going to hold what works & change what doesn’t,” he wrote in a Twitter submit on Nov. 9.
Please word that Twitter will do a number of dumb issues in coming months.
We are going to hold what works & change what doesn’t.
— Elon Musk (@elonmusk) November 9, 2022
Since taking on Twitter, Musk has already applied a number of modifications to the platform, together with an $8 month-to-month subscription mannequin launched on Nov. 9 that enables customers to achieve a blue verified checkmark, which grants them greater precedence in tweets and replies than unverified customers and options fewer adverts.
Different modifications to the platform embody handing out everlasting suspensions for handles that have interaction in impersonation with out specifying “parody”, short-term loss of verified checkmark when a reputation change happens, and its community-based misinformation venture being rebranded from Birdwatch to Group Notes, whereas some customers have reported a brand new purchasing tab on the platform.
In a Twitter Areas Q&A session held on Nov. 9, Musk was requested what he considered Twitter adverts, to which Musk replied that “We’re horrible at relevance,” earlier than including:
“One of many methods we’re going to handle that’s by integrating adverts into really useful tweets”
Musk additionally instructed in a Nov. 9 tweet that the “official” label could be killed after the launch of Twitter blue, earlier than a Twitter worker clarified that the official label would solely be given to authorities and business entities at this stage, including in a later tweet:
“There are not any sacred cows in product at Twitter anymore. Elon is keen to strive a number of issues — many will fail, some will succeed. The aim is to search out the correct mix of profitable modifications to make sure the long-term well being and development of the enterprise.”
Musk has additionally proposed modifications corresponding to including lengthy textual content to tweets, bettering the search perform, the formation of a Content material Moderation Council, bringing again short-form movies like Vines, including paid direct messages permitting customers to ship non-public messages to high-profile customers, and in the end hoping to remodel the app into an “every part app.”
Associated: Right here’s why Binance’s CZ invested in Twitter following Elon Musk acquisition
It is usually understood that the corporate has filed registration paperwork with the Treasury Division’s Monetary Crimes Enforcement Community (FinCEN), which might permit it to course of funds.
Yep, Twitter Funds LLC registered with FinCEN a couple of days in the past as a cash transmitter. You possibly can confirm its registration on FinCEN’s search web page: https://t.co/cKJ9rCpd2F pic.twitter.com/7zo8tWDdmq
— John Paul Koning (@jp_koning) November 9, 2022
Musk outlined within the Twitter Areas Q&A a imaginative and prescient of Twitter permitting customers’ financial institution accounts to be related to their profile, earlier than trying into facilitating different kinds of transfers and incorporating debit playing cards.
Upon finalizing the acquisition deal of Twitter, Musk has additionally made modifications to the corporate together with the firing of higher administration, booting out the board of administrators, and taking the corporate non-public, and reportedly shedding as a lot as 50% of the corporate’s workforce.
