Tag: bots

  • X considers monthly fee for all users as a countermeasure against fake accounts 

    X considers monthly fee for all users as a countermeasure against fake accounts 

    Renowned technology billionaire Elon Musk hinted on Tuesday that users of the social media platform X, formerly known as Twitter, may face a monthly fee. Musk stated, “We’re moving to having a small monthly payment for use of the system,” during a conversation with Israeli Prime Minister Benjamin Netanyahu. 

    Musk’s proposal is driven by the need to combat the issue of bots and fake accounts on social media, with the idea of charging for verification. However, it remains unclear whether this was a spontaneous comment or a signal of more concrete plans. 

    The new owner of the social media giant X, who assumed control last year, is encouraging users to subscribe to X Premium, which offers paid subscribers additional features like longer posts and increased visibility. Currently, users can still access X for free. 

    While Musk insists that the primary objective is to combat bots, it is apparent that there is a financial interest for the company in charging users, according to the BBC. Musk explained, “A bot costs a fraction of a penny to make. But if somebody even has to pay a few dollars or something, some minor amount, the effective cost to bots is very high.” 

    Read more: iOS 17 update is here: Try these fun features today

    The world’s richest person is also exploring options for lower pricing tiers for X Premium, which currently costs $8 (£6.50) per month in the US, with variations depending on the subscriber’s location. He stated, “We’re actually going to come up with lower-tier pricing. So we just want it to be a small amount of money.” 

    Musk emphasised, “This is a longer discussion, but in my view, this is actually the only defence against vast armies of bots.” 

    However, there is a concern that placing X behind a paywall could result in a significant loss of users, potentially affecting the company’s primary source of income, advertising revenue. 

  • ‘I am very happy that Twitter is now in sane hands’: Trump welcomes Musk’s takeover

    ‘I am very happy that Twitter is now in sane hands’: Trump welcomes Musk’s takeover

    The takeover was hailed, but former US president Donald Trump, who was permanently banned from Twitter after the riots on January 6, 2021, said little about making a comeback. “I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs who truly hate our country.”

    Trump was banned after the 2021 attack on the US Capitol, which the Republican leader is suspected of instigating. Musk has said he might lift the ban.

    Former Russian President and current Vice-Chairman of the Russian Security Council, Dmitry Medvedev, tweeted his congratulations, saying “Good luck @elonmusk in overcoming political bias and ideological dictatorship on Twitter. And quit that Starlink in Ukraine business.”

    Others urged Musk to undo restrictions imposed by the social network. In response to @catturd2, a random account with 852,000 followers, known for being a big supporter of Trump’s election fraud claims, and who said it was “shadowbanned,” Musk tweeted “I will be digging in more today.”

    Margarita Simonyan, the head editor of the Russian state-run media outlet RT, pleaded with Musk to “unban RT and Sputnik accounts and take the shadow ban off mine as well.”

    Musk and Twitter are under increasing pressure since he plans to address the Twitter workers on Friday after the purchase is finalised.

    “Hey @ElonMusk, now that you own Twitter, will you help fight back against Trudeau’s online censorship bill C-11?” tweeted Canada Proud, a group attempting to unseat Justin Trudeau as prime minister of Canada.

    According to Musk, Twitter may serve as the basis for a “super app” that does everything from ride-hailing to retail and money transfers.

    However, Twitter is having trouble retaining its most active users, who are crucial to the company. Less than 10 per cent of monthly active users are “heavy tweeters,” but they produce 90 per cent of all tweets and 50 per cent of global income.

  • Twitter blames Musk for $270 million Q2 loss

    Twitter blames Musk for $270 million Q2 loss

    The social media company’s latest quarterly earnings figures offered a glimpse into how the social media business performed during months-long negotiation with billionaire and Tesla CEO Elon Musk over whether he will take over the company.

    The company lost $270 million in the April-June period after revenue slipped 1 per cent to $1.18 billion, reflecting advertising industry headwinds, as well as uncertainty over Musk’s acquisition bid.

    The number of daily active users rose 16.6 per cent to 237.8 million compared with the same period a year before.

    Twitter chalked up the gains to “ongoing product improvements and global conversation around current events.”

    Twitter’s legal battle with Musk to fulfil his April promise to purchase the company for $44 billion has overshadowed its most recent sales figures. To close the deal, Twitter last week sued Musk, and now the two parties are preparing for a trial in October.

    Twitter announced that it wouldn’t hold its customary quarterly earnings conference call or publish a shareholder letter due to the impending acquisition.

    Beginning with the April 4 disclosure that Musk had purchased a sizable stake in the company, opening the door for his takeover bid later that month, Twitter experienced a turbulent three months during the April-June fiscal quarter. Shortly after Musk publicly tweeted his concerns about Twitter and its employees and gave the impression that he was reconsidering his position, the relationship quickly grew strained.

    Musk’s actions and his “repeated disparagement of Twitter and its personnel,” according to Twitter, created uncertainty that was bad for the company’s operations, staff, and stock price.

    Musk wanted to wait until next year due to the complexity of the case and his demands for more of Twitter’s internal data about how it counts fake and automated “spam bot” accounts, which he’s cited as a key reason for trying to terminate the deal. It called for an expedited trial so the company could continue with important business decisions.

    Before the opening bell on Friday, shares were reduced by 2 per cent.

    The trial was postponed this week by the judge, who agreed with Twitter that too much delay could harm the company irreparably. Unless Musk and Twitter resolve the case prior to that time, it will be heard in Delaware’s Court of Chancery, which hears numerous high-profile business disputes.

    On Friday, Elon Musk retaliated against Twitter for partially attributing its second-quarter revenue shortfall to the uncertainty surrounding the pending $44 billion acquisition of the Tesla CEO by the social media behemoth.

    “I’m rubber, they’re glue,” Musk tweeted. 

    According to Musk, Twitter is “in material breach of multiple provisions” of the agreement and “appears to have made false and misleading representations” when it accepted Musk’s acquisition offer on April 25.

    Musk announced last month that he would be terminating the agreement. Musk disputes Twitter’s internal estimates that less than 5 per cent of its users are made up of spam and fake accounts.

  • Musk says no Twitter deal without clarity on bot accounts

    Musk says no Twitter deal without clarity on bot accounts

    The tech mogul Elon Musk and Twitter CEO Parag Agrawal are arguing about bots, which Musk has made a core issue in his acquisition of the microblogging site.

    On the other hand, Agrawal outlined Twitter’s approach to spam accounts and the obstacles it faces in dealing with them in a series of tweets on May 16.

    Every day, Twitter suspends almost half a million spam accounts, according to Agrawal. He reaffirmed Twitter’s long-held estimate that less than 5 per cent of its daily active users are spam accounts, which Musk mentioned on Friday when declaring that his $44 billion proposal to buy Twitter was temporarily on pause.

    That estimate, according to Agrawal, is based on ‘many human reviews of thousands of users’ picked at random, but it’s impossible to know which accounts are counted on any given day.

    While Twitter feels its estimations are realistic, the measures were not independently validated, and the actual number of bogus or spam accounts could be greater.

    Believe it or not, Musk responded to Agrawal’s first 13 tweets with a ‘faeces emoji’.

    Musk then asked a more thought-provoking inquiry about how can advertisers know what they’re getting for their money as this is essential Twitter’s financial health.

    Tesla’s CEO has been vocal about bots and spam accounts on Twitter, describing bitcoin spam and bots as the most aggravating issue on the network.

    Read more: Musk postpones Twitter acquisition after discovering number of fake accounts

    Anyone who has seen the answers to Musk’s tweets knows that they are full of such con artists, many of whom try to profit from Musk’s fame.

    However, other analysts believe that the world’s richest man is leveraging the bot issue to lower the price at which he would purchase the platform, whether as an unusual bargaining ploy or out of necessity.