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   Technology StocksTwitter, Inc.


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To: Ron who wrote (2497)3/29/2023 9:45:56 PM
From: Glenn Petersen
   of 3361
 
A poll tax. How retro.

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To: Glenn Petersen who wrote (2503)3/30/2023 9:09:52 AM
From: Ron
   of 3361
 
Another day, another round of mad Twitter users...
Elon Musk’s Move to Monetize Twitter’s Blue Check Mark Riles Celebrities
William Shatner and Jason Alexander criticize plans for social-media platform

Twitter Inc.’s plan to remove legacy blue check marks for verified accounts heralds an end to a longtime social-media status symbol and is prompting complaints from some of the platform’s celebrity contributors concerned about potential impersonation.
The departing system, in which Twitter verified notable accounts to confirm their authenticity by adding a blue check mark next to the user’s name, will give way starting April 1 to one in which users must purchase a subscription to be verified, the company has said.

Twitter, which previously didn’t charge for verification, is only providing it now to those who pay $8 to $11 for a monthly subscription, depending on whether it is paid via mobile or web browser.

The revamped subscription program, called Twitter Blue, offers other features including the ability to edit tweets. Elon Musk, who acquired Twitter late last year, said Monday that starting April 15, only verified accounts will be eligible to be promoted in Twitter’s algorithmic recommendations. Such rules are necessary to combat spam bot accounts, he said. After criticism from many users, Mr. Musk announced a modification Tuesday, saying in a tweet that accounts users follow will also be shown in Twitter’s algorithmic feed.

Though some found the previous verification system to be arbitrary and confusing, the process was designed to confirm that public figures’ accounts were legitimate. Over time, the blue check mark evolved into a sought-after marker for many users. The check marks served as a way to combat impersonation and helped make Twitter an attractive communications platform for public personalities.

The new system, which Mr. Musk has said will be fairer than the departing system and is part of his efforts to increase Twitter’s subscription revenue, is inviting a whole new category of complaints, especially from some high-profile accounts. The “Seinfeld” actor Jason Alexander, who has roughly 732,000 followers on Twitter, said in a recent tweet that he will leave Twitter if he loses his check mark. “Without it, anyone can allege to be me,” he said.
One risk is that Twitter could turn off high-profile users who have long brought star power and influential commentary to the platform. “Those people are like, ‘I’m actually building value for your network, and now you’re making it feel to me that I’m just someone you can charge,’ ” said Jason Goldman, an early Twitter product chief and board member who worked on Twitter’s original verification system.
--more
archive.ph

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From: Glenn Petersen3/31/2023 9:38:24 AM
1 Recommendation   of 3361
 
Elon Musk Tried to Meet With F.T.C. Chair About Twitter but Was Rebuffed

New York Times
March 30, 2023

Elon Musk tried engaging with the Federal Trade Commission as the agency intensified an investigation into Twitter’s privacy and data practices, according to documents reviewed by The New York Times, in a sign of the billionaire’s hands-on approach to the inquiry.

Mr. Musk, who owns Twitter, asked to meet with Lina Khan, the F.T.C.’s chair, but was rebuffed, according to the documents. Mr. Musk made the attempt late last year, a person with knowledge of the matter said. In a Jan. 27 letter declining the meeting, Ms. Khan told a Twitter lawyer to focus on complying with investigators’ demands for information before she would consider meeting with Mr. Musk.

Mr. Musk spoke last month with the F.T.C.’s lone Republican commissioner, Christine Wilson, according to an email between the agency’s staff members and two people with knowledge of the matter. Ms. Wilson plans to leave the agency on Friday over what she has said are concerns about Ms. Khan’s leadership.

Mr. Musk’s outreach to the F.T.C. points to the gravity of the agency’s inquiry into Twitter. The investigation is focused on whether the social media company has adequate resources to protect its users’ privacy after Mr. Musk bought it last year and then laid off thousands of employees. The agency has separately sought to interview Mr. Musk for the investigation; the interview has not occurred, a person with knowledge of the matter said.

It is rare for chief executives at companies to try to meet with the F.T.C.’s chair and commissioners while an inquiry is underway. But such meetings sometimes occur when the executives hope to convince the agency’s top officials that they are committed to abiding by their promises to the F.T.C.

“If you thought you could simply brush it aside, and it was not a matter of great concern, you’d just ignore it,” said William Kovacic, a former F.T.C. chair. “If you think it’s important, that would be a reason to seek out a meeting.”

Mr. Musk, Ms. Wilson and a spokesman for the F.T.C. did not respond to requests for comment. A press request sent to Twitter triggered an autoreply email with a poop emoji.

The agency’s investigation is rooted in a 2011 settlement that Twitter struck with the F.T.C. over privacy concerns, which requires the company to maintain a user privacy program. Last May, Twitter paid a $150 million fine over alleged violations of that settlement; at the same time, the F.T.C. expanded the agreement’s terms to prohibit Twitter from using certain data to target ads and required it to offer specific security features.

Peiter Zatko, Twitter’s former security chief, said in a whistle-blower complaint made public in August that the company had failed to abide by the terms of the 2011 agreement, renewing inquiries from the F.T.C. The investigation expanded after Mr. Musk took over Twitter in October and conducted mass layoffs, which were compounded by the resignations of privacy and compliance executives.

After Mr. Musk requested to meet with Ms. Khan, she consulted with the enforcement division inside the F.T.C.’s consumer protection bureau, which has been leading the Twitter investigation, according to the email among agency staff members describing the situation. Acting on the enforcement team’s advice, Ms. Khan declined to meet with Mr. Musk at that time.

In Ms. Khan’s Jan. 27 letter to Twitter, she noted that the company was under investigation and had dragged its heels in providing documents to the F.T.C., delaying depositions with witnesses including Mr. Musk. She said she was “troubled by Twitter’s delays and the obstacles that these delays are creating for the F.T.C.’s investigation.”

“I recommend that Twitter appropriately prioritize its legal obligations to provide the requested information,” she wrote. “Once Twitter has fully complied with all F.T.C. requests, I will be happy to consider scheduling a meeting with Mr. Musk.”

The email among agency staff members discussing Mr. Musk’s outreach indicated that he spoke with Ms. Wilson, the Republican commissioner. They were joined on the call by James A. Kohm, the F.T.C. official who oversees investigations into whether companies are complying with their privacy settlements with the agency, according to the email.

Mr. Kohm did not respond to emails seeking comment.

Ms. Wilson has asked for copies of the agency’s letters to Twitter demanding information and documents related to its compliance with the privacy settlement, a staffer said in the email.

In February, Ms. Wilson said in a Wall Street Journal opinion piece that she would resign from the agency, citing Ms. Khan’s “disregard for the rule of law and due process and the way senior F.T.C. officials enable her.” The conversation with Mr. Musk occurred after that op-ed was published, two people with knowledge of the matter said.

Mr. Musk has forged relationships with Republicans, who have cheered his vision for a Twitter that is free of policies restricting what can be said on the platform. Earlier this year, he met with Representative Jim Jordan, Republican of Ohio and the leader of a subcommittee of the Republican-controlled House Judiciary Committee focused on “weaponization” of the federal government.

This month, that subcommittee released a report on the F.T.C.’s investigation into Twitter, accusing the agency of “orchestrating an aggressive campaign to harass Twitter.”

David Vladeck, a former director of the F.T.C.’s Bureau of Consumer Protection who served during the Obama administration, said that speaking with one commissioner who is not the chair was “not a smart strategy” for Mr. Musk, and that having a conversation with the agency’s lone Republican could look “more like politics.”

Mr. Musk has previously engaged directly with the members of the F.T.C., Mr. Kovacic said. After a group of aerospace companies announced a planned joint venture to challenge SpaceX, Mr. Musk’s rocket company, he met with F.T.C. commissioners including Mr. Kovacic in 2006 to raise competition concerns.

Mr. Vladeck said the F.T.C. could ultimately penalize Twitter for privacy violations again, potentially significantly more than its last $150 million fine.

As the F.T.C. investigation has intensified, Mr. Musk has moved ahead with changing some features of Twitter’s platform. He plans to remove verification check marks, the main way the social network confirms the identity of a user, from notable figures including celebrities and others on Saturday if they are not signed up for Twitter Blue, a subscription service that costs $8 a month.

Twitter also plans to charge organizations $1,000 a month to be verified, but will make exceptions for its top 500 advertisers and for the 10,000 most-followed organizations that have been previously verified, according to an internal document seen by The Times. All accounts that purchase check marks will be reviewed to make sure they are not impersonating someone, according to the document.

The post Elon Musk Tried to Meet With F.T.C. Chair About Twitter but Was Rebuffed appeared first on New York Times.

Elon Musk Tried to Meet With F.T.C. Chair About Twitter but Was Rebuffed – DNyuz

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From: Ron3/31/2023 8:02:59 PM
1 Recommendation   of 3361
 
Many News Organizations Will Not Pay Twitter For Twitter Blue Checkmarks
cnn.com

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To: kidl who wrote (2499)3/31/2023 8:43:11 PM
From: longz
   of 3361
 
Teslaconomics on Twitter: "Hey, remember me? I was the one you doubted, hated, & bashed and now I’m the most followed person on Twitter. @elonmusk t.co; / Twitter

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From: Ron4/1/2023 8:14:42 AM
   of 3361
 
'$44 billion here... $44 billion there... before long we're talking about real money'
(with apologies to Senator Everett Dirksen)


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From: Ron4/1/2023 8:32:45 PM
   of 3361
 
Musk Pursues Old Goal of Digital Banking- This Time Through Twitter..
he tells staff...
wsj.com

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To: Ron who wrote (2509)4/1/2023 10:35:54 PM
From: S. maltophilia
1 Recommendation   of 3361
 
I'd as soon bank through SVB.

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To: Ron who wrote (2509)4/2/2023 8:56:20 AM
From: kidl
1 Recommendation   of 3361
 
WSJ article without paywall:
Elon Musk Revives Old Banking Dream in Pursuing $250 Billion Twitter Valuation - WSJ (archive.fo)

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To: Ron who wrote (2509)4/2/2023 10:25:40 AM
From: ralfph
   of 3361
 
no doubt Elon Bank will be as stable and hack free as Twitter.

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