Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Elon Musk says Twitter's verified service with colors to start next week

Stock Markets Nov 25, 2022 04:05PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Twitter app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration
 
GM
+0.87%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LLY
+0.98%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

(Reuters) -Twitter Inc is planning to roll out its verified service next Friday with different colored checks for individuals, companies and governments, after a botched initial launch led to a surge in users impersonating celebrities and brands on the platform.

Chief Executive Elon Musk on Friday allotted colors for the categories - gold for companies, grey for governments and a blue check for individuals including celebrities.

"Painful, but necessary," he said, adding that verified accounts will be manually authenticated before a check is activated.

The revamped $8-per-month service will allow individuals to have a smaller, secondary logo of their organizations if verified by them, he said in another tweet on Friday. "Longer explanation next week."

The social media platform on Monday delayed its relaunch to make it foolproof as the service is expected to help Twitter grow revenue at a time when Musk is trying to retain advertisers after buying the company last month for $44 billion.

The subscription service, which was termed by Musk as a "great leveler", was paused on Nov. 11 as fake accounts mushroomed, forcing the world's richest man to bring back the "official" badge to some users.

For instance, one user pretending to be drugmaker Eli Lilly (NYSE:LLY) and Co had tweeted that insulin would be free, setting off a drop in the company's shares and forcing it to issue an apology.

The turmoil led several companies including General Motors (NYSE:GM) and United Airlines to pause or pull back ads on the platform. User growth on Twitter, however, is at an all-time high, according to Musk.

Elon Musk says Twitter's verified service with colors to start next week
 

Related Articles

Airbus may delay some 2023 jet deliveries -sources
Airbus may delay some 2023 jet deliveries -sources By Reuters - Nov 27, 2022

(This Nov. 25 story has been corrected to amend "idle waiting repairs" to "parked" in ninth paragraph) By Tim Hepher PARIS (Reuters) - Airbus is preparing the ground for further...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (7)
Don Getty
Don Getty Nov 25, 2022 8:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the lawyers have spoken - if we don't want to be liable for incompetence - we actually have to make some effort, so lets go with colors and *** of DeSantis cause were LGBTQ verified
Darren Hunt
Darren Hunt Nov 25, 2022 8:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Just goes to show how much money is made in the medical industry and how much money would be lost if they suddenly were to give insulin away for free.
Don Getty
Don Getty Nov 25, 2022 8:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
LOL, no its because of liability - low effort, equal big settlements paid to everyone! Must really be wanting to hire back half those people he laid off a few weeks back - too funny!
Teena Marie
Teena Marie Nov 25, 2022 4:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If verified - Musk kind of, sort of catching on - not so easy and simple after all to run a social media company. And the color coding idea is plainly stupid. Will his next great move revert to protocols to deter hacking and bots?
Teena Marie
Teena Marie Nov 25, 2022 4:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Moving into the try anything phase. And the color coding idea is plainly stupid.
Michael Roal Casa
Michael Roal Casa Nov 25, 2022 10:05AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Holy smoke, the big twit is soooo groundbreaking
Brad Albright
Brad Albright Nov 25, 2022 8:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow! That's some amazing innovation!
John Laurens
John Laurens Nov 25, 2022 4:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Brilliant!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email