Elon Musk's New Ideas Are Destroying Twitter in Record Time, Bankruptcy Imminent?

Elon Musk's new $8 verification blue checks on Twitter have been a total disaster. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.vice.com/en/article/n7z5nz/elon-musks-dollar8-twitter-verification-has-begun-is-a-complete-disaster

"Almost nothing has gone according to plan since Elon Musk took control over Twitter last month—and whether there even is a plan seems doubtful. Case in point: Musk's flagship idea, an $8 paid-verification scheme, kicked off Wednesday night and immediately spiraled into complete disaster.

Blue checks on Twitter are meant to designate that the person or organization behind the account has been authenticated by Twitter as being who they say they are. It's a necessary feature to stop impersonators from proliferating and emerged after a lawsuit early in Twitter's history. Musk's big idea since he took over Twitter has been to cast this blue check as some sort of status symbol, and even the playing field by letting anyone pay $8 for a badge. Many observers warned that this would let impersonators and scammers appear to be verified on Twitter—exactly the opposite of what the badge is supposed to do—and that is precisely what cropped up once the paid scheme started: In came a flood of impersonators."

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