Christopher Hutton is a technology reporter for the Washington Examiner covering Big Tech companies like Facebook and X as well as the regulatory efforts by Washington to rein in the tech companies. He previously wrote for a number of other outlets, including Daily Dot, Pando Daily, Religion Unplugged, and other outlets.
Elon Musk has begun to consider several new ways to help bring X, formerly known as Twitter, into the realm of profitability that may become barriers to his vision of turning X into an everything app.
As Musk reaches his first anniversary of purchasing Twitter for $44 billion, he is looking for ways to make the historically struggling tech company a profitable endeavor. Twitter has traditionally struggled to turn profits despite the cultural weight it holds as one of the largest platforms for discussions of current events.
Starting today, we're testing a new program in New Zealand and the Philippines. New, unverified accounts will be required to sign up for a $1 annual subscription to be able to post & interact with other posts. Within this test, existing users are not affected.Musk also intends to fight bots on X by implementing identity verification tools such as scans of government IDs or credit card information. The presence of bots on X has been a problem that Musk has complained about for years.
In pursuing profitability, X has opened the door to political advertising dollars in the 2024 campaigns. X touted itself as the"most used social platform for politics" in a pitch deck sent to advertisers this week.Musk has continued to try and turn X to become an"everything app" akin to the China-based WeChat.
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