The new owner of Twitter, Elon Musk has asked his followers to prepare, because “a lot of dumb things will come in [los] coming months” to his newly acquired social network.
The Tesla CEO, now the sole director of Twitter, has already made a number of changes to the platform since taking over the company on October 27. and has now promised to continue the work in the coming months, stating:
“Keep in mind that Twitter will be doing a lot of dumb things in the coming months. We’ll keep what works and change what doesn’t,” he wrote. in a Twitter post on November 9.
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
Keep in mind that Twitter will do a lot of silly things in the coming months. We will keep what works and change what doesn’t.
Since taking over Twitter, Musk has already introduced several changes to the platform, including an $8 monthly subscription model launched on November 9 that allows users to earn a blue checkmark, which gives them higher priority in tweets and replies than unverified users, and features fewer ads.
Other changes introduced in the platform are the permanent suspension of users who supplant the identity without specifying if it is a “parody”, the loss temporary check mark when a name change occurs, and the name change of your community-based misinformation project, which has gone from being called Birdwatch to Community Notes. Some users have informed of the existence of a new purchase tab on the platform.
In a Twitter Spaces Q&A session held on November 9, Musk was asked what he thought of the Twitter ads, to which Musk replied that “we’re terrible at relevance,” before adding:
“One of the ways we’re going to address that is by integrating ads into recommended tweets.”
Musk also suggested in a Nov. 9 tweet that the “official” tag would go away after the launch of Twitter blue, before a Twitter employee will clarify that the official label would only be given to government and commercial entities at this stage, adding:
“There are no longer sacred cows in the product on Twitter. Elon is willing to try many things: many will fail, others will succeed. The goal is to find the right mix of successful changes to ensure the long-term health and growth of the business.”
Musk has also proposed changes such as Add long text to tweets, to improve search function, training of a Content Moderation Council, bring back short-form videos like Vines, add paid direct messages that allow users to send private messages to high-profile users and ultimately hope to transform the app into a “everything app”.
The company is also known to have filed registration paperwork with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), which would allow it to process payments.
Yep, Twitter Payments LLC registered with FinCEN a few days ago as a money transmitter. You can verify your registration on FinCEN’s search page: https://t.co/cKJ9rCpd2F pic.twitter.com/7zo8tWDdmq
— John Paul Koning (@jp_koning) November 9, 2022
Yes, Twitter Payments LLC registered with FinCEN a few days ago as a money transmitter. You can verify their registration on the FinCEN search page:
Musk explained in the Twitter Spaces Q&A a vision of Twitter in which users’ bank accounts are connected to their profiles. before studying the possibility of facilitating other types of transfers and incorporating debit cards.
Following completion of the Twitter acquisition deal, Musk has also made other changes to the company, including laying off top management, ousting the board of directors, taking the company private and reportedly laying off up to 50% of the workforce.
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