Twitter announces subscription service including blue check for $7.99 monthly fee

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Twitter announces subscription service including blue check for $7.99 monthly fee
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Twitter announces a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to overhaul the platform’s verification system just ahead of U.S. midterm elections.

, which was launched in 2009 to prevent impersonations of high-profile accounts such as celebrities and politicians. Twitter now has about 423,000 verified accounts, many of them rank-and-file journalists from around the globe that the company verified regardless of how many followers they had.

The update Twitter made to the iOS version of its app does not mention verification as part of the new blue check system. So far, the update is not available on Android devices. The announcement comes a day after Twitter began laying off workers to cut costs and as more companies are pausing advertising on the platform as a cautious corporate world waits to see how it will operate under its new owner.

Musk tweeted late Friday that there was no choice but to cut jobs "when the company is losing over $4M/day." He did not provide details on the daily losses at Twitter and said employees who lost their jobs were offered three months’ pay as severance. Musk tried to reassure advertisers last week, saying Twitter would not become a "free-for-all hellscape" because of what he calls his commitment to free speech.

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