Wed. Sep 20th, 2023
    Elon Musk’s X: Changes, Fees, and the Battle Against Fake Accounts

    In a recent conversation with Israeli Prime Minister Benjamin Netanyahu, Elon Musk, the owner of X (formerly known as Twitter), discussed the idea of implementing a monthly fee for users. The purpose behind this move is to combat the growing problem of fake accounts, commonly known as bots. While Musk did not provide specific details about the fee amount or the benefits users would receive in return, he acknowledged the necessity of addressing this issue, as reported by CNBC.

    Musk also revealed some impressive statistics about X. He disclosed that the platform currently boasts 550 million monthly users, who collectively generate around 100 to 200 million posts each day. However, Musk did not clarify the number of genuine users versus bots, nor did he compare these figures to the pre-acquisition era of X.

    Although the primary aim of Musk’s conversation with Netanyahu was to discuss the risks associated with advanced technology, particularly artificial intelligence, he took the opportunity to address the criticisms of X. The platform has faced backlash from civil rights groups for not adequately curbing hate speech and anti-Semitism. Musk even hinted at the possibility of suing the Anti-Defamation League (ADL) for negatively impacting X’s revenue. However, no lawsuit has been filed against the ADL by Musk or X Corp at present, and the organization has not commented on the matter.

    Musk’s controversial remarks extend beyond his platform. On various occasions, he has made negative comments about different groups and individuals. Nevertheless, during the conversation with Netanyahu, he claimed to be against attacking any group and emphasized the importance of unity in humanity’s exploration of space.

    Since purchasing Twitter for a staggering $44 billion, Musk has introduced several significant changes. Previously banned accounts, including former President Donald Trump’s, have been reinstated, and the “blue check” verification system, which identified accounts of notable individuals, has been eliminated. Now, users have the option to pay a fee for a blue badge next to their name, granting their posts greater visibility. The intention is to discourage the use of bots on the platform.

    X has taken steps towards becoming a money transmitter in the United States and has already obtained licenses in eight states, according to public records.

    – CNBC report
    – Edited By: Ankita Chakravarti
    – Published On: Sep 19, 2023