Twitter Blue Checkmarks Could Lose All Their Meaning If A Subscription Service Is Instituted

By Adam

Circa 1935: American actor Groucho Marston (1890 – 1977), wearing his distinctive glasses and moustache. … [+](Photo by John Kobal Foundation/Getty Images).

Getty Images

Groucho Marx, a comedian, may have said, according to long-standing rumors that he doesn’t wish to be a member of any club which would consider me a member. Although self-deprecating and ironic, this line was meant to be an insult at the club’s refusal to accept any person.

Many on Twitter or at least those with the coveted blue checkmarks – those with verified accounts – could soon have a similar opinion if tech entrepreneur Elon Musk follows through on his plan to charge a subscription fee for the privilege of getting verified.

It is important to note that the blue checkmark could be bought by anyone.

Luke Lintz CEO, HighKey Enterprises’ social media marketing agency said that we need to examine what verification looks like on social networks and how it has been used across social media platforms.

The business community, new influencers and the public have been very interested in verification. There has not been an easy way to obtain the verification and many social media platforms only require that you are ‘newsworthy’ and ‘notorious’ online.

Lintz stated that economics is influenced by the perception of value. When there’s a high demand and low supply for something, it increases in price. We have witnessed verification become almost unaffordable and beholden to so much value when there is high demand but low supply.

Musk is therefore open to the possibility of creating a subscription-based model for verification. This increases supply to the point that it can essentially become unlimited. Therefore, the cost of verification will be the same as the price point of the subscription.

Lintz stated that “this change will receive a lot from Twitter users already verified and Twitter will have the to transition to new models.”

There is an increase in the number of fake accounts

The blue checkmarks could be sold to reduce not only their value but also the meaning of the accounts. At the moment, we believe that those accounts with blue cheques are genuine and can therefore trust them to be true to what they say.

Rachel Foster Jones (thematic analyst, GlobalData) stated via email that it will be difficult to determine which accounts are genuine when users refuse to pay. This could increase the chance of misinformation and impersonation.

Jones said that subscribers will have their tweets prioritized and amplified, which may give them a greater influence on shaping content on Twitter Blue. Subscribers can also have their tweets prioritized and amplified on Twitter Blue, which may give them a substantial influence on shaping content on the app.

Current verification is most valuable for prominent figures or business people who are involved in a lot networking.

Lintz stated that verification allows other users to locate your genuine profile. It also helps them avoid scam accounts while networking via the Twitter DMs or comments. It is significantly easier to establish trust and …read more

Source:: Social Media Explorer