Twitter replaces original logo, high-profile accounts refuse to pay for verification
#Twitter #youtube #stockmarket Yahoo Finance Live anchors Seana Smith and Dave Briggs report on how Twitter replaced its blue bird logo in its app on Monday with an image of the Dogecoin dog and news of high-profile accounts refusing to pay for Twitter Blue verification. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Twitter replaces original logo, high-profile accounts refuse to pay for verification
Twitter Changes and Elon Musk's Trolling
This section discusses the recent changes on Twitter, including the replacement of the Doge icon with a blue bird. It also covers Elon Musk's trolling of his own users and the surge in shares of Dogecoin.
Twitter's Verified Check Mark Removal
- Twitter promised to remove the verified check mark from all "Legacy" accounts by April 1st.
- Here we are on April 3rd, and they have only removed one account: The New York Times.
- The New York Times' 55 million follower account no longer has the verification check.
- Other accounts, such as The Washington Post, The White House, and LeBron James, have refused to pay for verification through Twitter Blue.
Why Pay for Verification?
- According to Rob Flaherty from The White House, Twitter Blue does not provide person-level verification.
- All the blue checkmark does is serve as a verification that you're a paid user.
- It makes no sense for anyone to pay for something that simply says you've paid.
- Many business accounts won't be willing to pay $1000/month for organization plus $50 thereafter per employee.
Elon Musk's Trolling
- Elon Musk tweeted that he would remove The New York Times' badge after finding out that they refuse to pay for Twitter Blue.
- He attacked The New York Times tweeting "their propaganda isn't even interesting."
- Elon Musk has been known to attack journalists who have been critical of him in the past.
Criticisms of Elon Musk's Leadership at Twitter
This section discusses criticisms of Elon Musk's leadership at Twitter and how it has affected advertisers, ad revenue, dialogue/discourse on the platform, and the company's valuation.
Elon Musk's Leadership at Twitter
- Elon Musk has done nothing quantifiably positive since taking over Twitter.
- Advertisers have fled the platform in mass, and ad revenue has plummeted.
- The dialogue/discourse on Twitter has arguably gotten worse under his leadership.
- The company's $44.44 billion valuation is now less than half of that.
Employee Cuts
- More than half of Twitter's employees have been cut.
- It is hard to see a turnaround plan taking shape anytime soon.