Twitter Inc. stopped its just-launched $8 blue check membership program on Friday due to the proliferation of bogus accounts. However, the new owner Elon Musk returned the “official” badge to some social media users. Previously, the desired blue check mark could only be seen on verified accounts of public figures. Such as journalists, lawmakers, and well-known individuals.
However, earlier this week, Twitter introduced a membership option that is open to anyone who is willing to pay. It is in an effort to boost revenue as Elon Musk fights to retain advertisers. The turnaround is a result of the tumultuous previous two weeks that followed Musk’s $44 billion acquisition of Twitter.
Nearly half of Twitter’s employees have been let go, along with the company’s board of directors and top executives. And Musk has raised the possibility of Twitter going bankrupt. On Thursday, the US Federal Trade Commission expressed its deep worry about Twitter.
A source told Reuters that the service has been stopped after a number of users reported on Friday that the brand-new subscription option for the blue verification check mark was no longer available.
Twitter did not respond to a comment request.
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