Billionaire Elon Musk is already floating major changes for Twitter as he begins his first week as .
A venture capitalist working with Musk tweeted a poll asking how much users would be willing to pay for the blue check mark that Twitter has historically used to verify higher-profile accounts so other users know it鈥檚 really them.
Musk, whose account is verified, replied, 鈥淚nteresting.鈥�
Critics have derided the mark, often granted to celebrities, politicians, business leaders and journalists, as an elite status symbol.
But Twitter also uses the blue check mark to verify activists and people who suddenly find themselves in the news, as well as little-known journalists at small publications around the globe, as an extra tool to curb misinformation coming from accounts that are impersonating people.
鈥淭he whole verification process is being revamped right now,鈥� Musk tweeted Sunday in response to a user who asked for help getting verified.
Musk has invited a group of tech world friends and investors to help guide the San Francisco-based company's transformation, which is likely to include a shakeup of its staff. Musk last week fired CEO Parag Agrawal and other top executives. There's been uncertainty about if and when he could begin larger-scale layoffs.
Those who have revealed they are helping Musk include Sriram Krishnan, a partner at venture capital firm Andreessen Horowitz, which pledged back in the spring to chip in to Musk's plan to buy the company and take it private.
Krishnan, who is also a former Twitter product executive, said in a tweet that it is 鈥渁 hugely important company and can have great impact on the world and Elon is the person to make it happen.鈥�
Jason Calacanis, the venture capitalist who tweeted the poll about whether users would pay for verification, said over the weekend he is 鈥渉anging out at Twitter a bit and simply trying to be as helpful as possible during the transition.鈥�
Calacanis said the team already 鈥渉as a very comprehensive plan to reduce the number of (and visibility of) on the platform.鈥� And in the Twitter poll, he asked if users would pay between $5 and $15 to 鈥渂e verified & get a blue check mark鈥� on Twitter. Twitter is currently free for most users because it depends on advertising for its revenue.
Musk agreed to buy Twitter for $44 billion in April but it wasn't until Thursday evening that he finally closed the deal, after his attempts to back out of it led to a protracted legal fight with the company. Musk's lawyers are now asking the Delaware Chancery Court to throw out the case, according to a court filing made public Monday. The two sides were supposed to go to trial in November if they didn't close the deal by the end of last week.
Musk has made a number of pronouncements since early this year about how to fix Twitter, and it remains unclear which proposals he will prioritize.
He has promised to cut back some of Twitter's content restrictions to promote free speech, but said Friday that no major decisions on content or reinstating of banned accounts will be made until a 鈥渃ontent moderation council鈥� with diverse viewpoints is put in place. He later qualified that remark, tweeting 鈥渁nyone suspended for minor & dubious reasons will be freed from Twitter jail.鈥�
The head of a cryptocurrency exchange that invested $500 million in Musk鈥檚 Twitter takeover said he had a number of reasons for supporting the deal, including the possibility Musk would transition Twitter into a company supporting cryptocurrency and the concept known as Web3, which many cryptocurrency enthusiasts envision as the next generation of the internet.
鈥淲e want to make sure that crypto has a seat at the table when it comes to free speech,鈥� Binance CEO Changpeng Zhao told CNBC on Monday. 鈥淎nd there are more tactical things, like we want to help bring Twitter into Web3 when they鈥檙e ready.鈥�
He said cryptocurrency could be useful for solving some of Musk鈥檚 immediate challenges, such as the plan to charge a premium membership fee for more users.
鈥淭hat can be done very easily, globally, by using cryptocurrency as a means of payment,鈥� he said.
Matt O'brien, The Associated Press
