 In response, the new Twitter boss waded into the replies and offered: 'We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?" The original reports on the sudden payment led to outcry and a number of questions being raised to the practicality of the policy. For example, what would governments and similar organisations do who need to prove the legitimacy of their account. Under Mr Musk's new plans, a reporter for The Financial Times pointed out that The Department for Work and Pensions has 58 verified Twitter accounts meaning one of the smaller government departments would need to cough up around £12,000 a year. Mr Musk continued: 'I will explain the rationale in longer form before this is implemented. It is the only way to defeat the bots & trolls.' The new Twitter owner Elon Musk at a Halloween party in New York this weekend ( Getty Images) He also claimed the price would be 'adjusted by country proportionat){kind=link}
Elon Musk reportedly planned to charge verified Twitter users £17 a month, but after widespread outcry and an intervention from author Stephen King, the price was lowered
Elon Musk today announced Twitter users will need to pay £7 per month for a verified tick, after being talked down from £17 by famous author Stephen King.
The Tesla founder’s chaotic takeover of Twitter continues as Mr Musk has now backtracked on one of his first announcements and altered the price.
Originally it was reported that verified Twitter users, who carry a white tick in a blue circle to show their status, would have to cough up £17 a month to maintain their status.
But the new Twitter owner, who paid up to $44billion for the social media site, backtracked on the original higher priced plan.