Without core income, the company simply cannot survive.
It seems that the worst fears of Tesla investors are beginning to come true – the head of the company, Elon Musk, devotes too much time to his new acquisition – the social network Twitter, while not thinking too much about his sometimes not very consistent and contradictory actions. After introducing the $8-a-month Twitter Blue subscription last Wednesday, the company was forced to cancel it by Friday, as the “blue verification checkmark” supposed to be the main bonus quickly appeared on many fake accounts posing as well-known politicians or representatives of large companies.
As noted by Reuters, over the weekend, Elon Musk promised to return the Twitter Blue subscription by the end of this week, although he did not assure the audience of the social network that he would meet this deadline. A company that depends on subscription money for survival just can’t wait to bring back this user-paid option.
Image Source: Reuters, Dado Ruvic
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Along the way, Elon Musk promised to provide organizations and companies with the ability to independently identify accounts that are related to them. Last week, there were attempts to give verified accounts “grey checkmarks” that were issued without payment and regardless of subscription, but in this case, the idea itself was somewhat discredited.