“There’s plenty of people who are complete trolls and are looking to just get attention for ridiculous behavior for whom $8 a month is a pittance to pay.” “The notion that by virtue of being willing to pay $8 a month means that you are a higher-quality account or worthy of being verified is a really reductive analysis,” said Jason Goldman, a VP of product at Twitter from 2007 to 2010. That’s because Musk is changing the incentives to Twitter’s core product, its recommendation algorithms, to an extent that it could potentially fill the average user’s experience with lower-quality content. The checkmark part of Musk’s plan has received a lot of attention - in part because it involves famous people - but it’s the changes to Twitter’s feed that are potentially just as, if not more, impactful. Many are concerned that it could become even easier for public figures who don’t pay for a checkmark to be impersonated. On March 31, some major accounts like the White House and LeBron James said they would not be paying for a checkmark - not a good sign for the impending rollout. Musk said that on April 1 he’d remove “legacy” verification checkmarks from notable accounts that had them for free, including news organizations, politicians, and researchers. This move is the next step in Musk’s plan to try to get more people to subscribe to Twitter Blue. Since Twitter didn’t confirm the changes, it’s unclear if this was a bug or intentional.Įither way, Musk’s plan is to fill your Twitter feed with a higher ratio of paid accounts, and is pressuring more free users to pay for what was once considered a given. The sudden appearance of random accounts in the Following tab may have an explanation: Twitter seemed to stop showing some users whether tweets were directly from people they followed, or retweets of other users’ tweets. The For You offered users an approximation of the old, pre-Musk Twitter experience, but now, even that’s not the same. Users used to be able to escape the randomness of the For You feed by using the Following tab, which showed you accounts of people you followed ranked chronologically. The introduction of random accounts in the Following tab added insult to injury. The ridiculous but important Twitter check mark fiasco, explained. Musk’s legal team asked a court to dismiss the dogecoin suit a few days before doge appeared on Twitter’s site. We don’t know exactly why the doge logo suddenly appeared at the top of the homepage, but there is one relevant piece of news people are pointing to: Elon Musk is currently facing a $258 billion lawsuit alleging that he ran a pyramid scheme to support dogecoin. He changed the Twitter homepage’s icon from its classic blue bird logo to “doge” - the cartoonish Shiba Inu dog meme linked to the cryptocurrency dogecoin - and for some users, the app started seemingly inserting tweets from accounts people didn’t follow into the their Following feed. It’s just one of several seemingly random changes Musk has been making to Twitter’s core user experience without explanation. Musk tweeted that, starting April 15, Twitter will only recommend content from paid accounts in the For You feed, the first screen users see when they open the app. But soon, if you want your voice to really be heard in the town square, you’ll need to pay. However, it is a reminder of the influence he can have on crypto markets.When Elon Musk took over Twitter, he said he wanted to protect its place as a “digital town square,” where ideas from all corners of the internet could flourish. Nevertheless, it’s still too early to say whether Elon Musk’s tweet will have a lasting impact on the price of Dogecoin (DOGE). After all, it would enable Twitter users to send and receive DOGEs, making it a more convenient and accessible option. On the other hand, if Musk integrates Dogecoin into Twitter, it could be a major boost for crypto. Tesla has already accepted tokens as a means of payment for certain products. In 2021, he even declared it to be the “people’s crypto”. In fact, this isn’t his first tweet in favor of this digital asset. Twitter’s CEO is an ardent supporter of Dogecoin (DOGE), a crypto based on the Shiba Inu dog Internet meme. They hope that Musk will continue to support the cryptocurrency and make it a more popular option. Nevertheless, Musk’s statement was welcomed by supporters of the asset. However, it then fell back and has risen by just 0.4% in the last 24 hours. Musk has a habit of using his tweets to influence cryptocurrency markets, and his recent outing is no exception.Īs proof, the price of Dogecoin rose by 3% within minutes of Musk’s tweet, from $0.062 to $0.064. This seemingly trivial tweet has important implications for the price of dogecoin.
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