After we wrote our last blog about Elon buying Twitter, we didn’t think we’d have to write an update for some time. It turns out that a week or so later we’re confirming the takeover. It goes to show just how fast things can happen in today’s day and age.
Anyways, less of the chit-chat. You’re here for one reason and that’s to find out what has happened so far.
As of 1st November 2022…
The firing of employees
Musk immediately fired Parag Agrawal, the CEO, along with other top executives: Chief Financial Officer Ned Segal and Vijaya Gadde. He has now made himself ‘The Sole Director’. It’s reported that Elon did this in an attempt to avoid hefty severance payouts.
Twitter, now owned by Musk, is planning to start charging $20 per month for verification
Twitter is considering a new paid subscription plan, which would cost $19.99 per month. The price of the service would be charged directly to the user. Verified users would have 90 days to sign up for the service or lose their verified status which means a lot to people all over the platform. Employees working on the project were told on Sunday that they need to meet a deadline of November 7th, or they will be fired. He really isn’t taking any prisoners, is he?
If you’re interested in what Elon Musk has proposed for the future of Twitter, make sure to read our last blog ‘Is Elon Musk Buying Twitter?’.
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