Elon Musk recently talked about the Twitter Blue update that rolled out today and said, “it might be a dumb idea.”

Elon Musk has seemingly recognized how bad of an idea his ‘Twitter Blue’ update actually is for the social media platform he purchased for $44 billion. He recently remarked in a Twitter Space that the update, “might be a dumb idea” and many of the platform’s users seem to agree.

The Twitter Blue update made verification purchasable to anyone for $7.99, in addition to this, Musk said that non-verified accounts would be pushed down in people’s feeds, essentially suppressing the voice of anyone who chooses to not pay for Twitter. This may be due to the pressure on Musk to immediately generate profit for the company after he foolishly attempted to buy Twitter without the proper funds, resulting in his forced purchasing of the company.

On top of this, Musk has Twitter advertisers pulling out from the platform, removing a large percentage of its revenue. Musk fired large swathes of the site’s employees from engineers to content moderators, making the social media platform look more and more precarious for potential advertisers.

Musk tried to push his subscription-based approach as an end to, “Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit,” Musk tweeted on Nov. 1. “Power to the people! Blue for $8/month.” Apparently “power to the people” is one of the world’s wealthiest people charging Twitter users a monthly fee to use a platform in which the content is generated by the users themselves.

“Elon Musk says ‘the blue checkmark might be a dumb idea’

“We’ll see””

“The new Twitter Blue update is now live  

Anyone can now get verified for $8 a month”

“Elon Musk’s solution for ruining verification is to add a grey checkmark and an ‘Official’ label”

“‘Official’ can’t be bought and not all previously verified accounts will get it”

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