Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Twitter to delay badge changes until after U.S. midterm elections, the New York Times reports

Published 11/06/2022, 02:17 PM
Updated 11/06/2022, 03:30 PM
© Reuters. FILE PHOTO: Twitter app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration
AAPL
-

(Reuters) - Twitter is delaying the rollout of verification check marks to subscribers of its new $8 a month service until after Tuesday's midterm elections, the New York Times reported on Sunday.

Twitter did not immediately respond to a request for comment.

The U.S. midterm elections on Tuesday will decide whether Republicans or President Joe Biden's Democrats will control Congress.

Changes to Twitter's verification process came a week after Elon Musk took over the social media company in a $44 billion deal. On Saturday, Twitter updated its app in Apple (NASDAQ:AAPL)'s App Store to begin charging $8 for blue check verification marks.

© Reuters. FILE PHOTO: Twitter app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration

Twitter recently laid off 50% of its employees, including employees on the trust and safety team, the company's head of safety and integrity Yoel Roth said in a tweet earlier this week.

Reuters reported on Thursday that Musk has directed Twitter's teams to find up to $1 billion in annual infrastructure cost savings.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.