Starting August 7th, advertisers that haven’t reached certain spending thresholds will lose their official brand account verification. According to emails obtained by the WSJ, brands need to have spent at least $1,000 on ads within the prior 30 days or $6,000 in the previous 180 days to retain the gold checkmark identifying that the account belongs to a verified brand.

Threatening to remove verified checkmarks is a risky move given how many ‘Twitter alternative’ services like Threads and Bluesky are cropping up and how willing consumers appear to be to jump ship, with Threads rocketing to 100 million registrations in just five days. That said, it’s not like other efforts to drum up some additional cash, like increasing API pricing, have gone down especially well, either. It’s a bold strategy, Cotton — let’s see if it pays off for him.

    • El Barto
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      222 years ago

      I liked the idea of twitter until the time news outlets started quoting random tweets in their articles.

      • @AbidanYre@lemmy.world
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        2 years ago

        I remember back in like '08 or '09 the TV in the cafeteria at work was playing CNN and they literally had a camera pointed at a computer monitor scrolling Twitter, discussing what people on Twitter were saying.

        That’s when I knew journalism was dead.

  • Lightor
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    2 years ago

    Wait, wait, wait, lemme get this right.

    Problem: They were low or revenue.

    Response: Increase API costs

    Problem: API costs are too high

    Response: People started scrapping Twitter

    Problem: People are scrapping the site

    Response: Make users sign in to view tweets

    Problem: People have to sign in to see any ads too

    Response: Tell companies that if they don’t spend enough on ads they will lose verification.

    I mean, what’s next?

  • @theneverfox@pawb.social
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    62 years ago

    More than that.

    He’s dispelling the myth of the billionaire businessman. He could show up quite a lot in all sorts of history books

  • @dangblingus@lemmy.world
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    1002 years ago

    Imagine losing your arbitrary blue check mark because you didn’t buy enough ads on a platform that no one really uses anyway.

  • @arc@lemm.ee
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    42 years ago

    Controversial idea but maybe federated servers should think of some way of delivering federated advertising. Some way to fund the model in a fair and equitable way while draw away funding that goes into Twitter or other social media platforms. Doesn’t stop people blocking it of course.

    • @TwilightVulpine@lemmy.world
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      222 years ago

      We do need to think about how to keep the Fediverse running, but advertising shouldn’t be federated. If an instance wants to run ads that’s fine, but that shouldn’t be distributed to any other instances, not even if the posts and users engage with other instances. Who is going to want to see or redistribute ads for a different instance?

      • @arc@lemm.ee
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        12 years ago

        Like I said, controversial but it’s quite reasonable for the operators of these servers to want to raise money somehow. Even if the activity pub feed describes elements with a “this is an ad” tag and allows the recipient to choose whether to serve it or not.

    • @chicken@lemmy.world
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      2 years ago

      beehaw has donations and releases regular reports of how its being spent, I think that model is pretty good. from what ive seen they always get more than enough needed.

    • schmorp
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      12 years ago

      No please let’s just make it not a thing anymore to finance stuff with advertising. I’m happy to support an instance I enjoy spending time on with volunteering service and/or money, but I’m here exactly because I don’t want to see ads. I’m right now a happy human, commenting on a post on the internet, without a need in the world and I don’t want to see any text, picture or video on my screen that suggests otherwise.

  • DarkThoughts
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    82 years ago

    I’m no businessman but this sounds like a good way to make companies move away from your platform.

  • @MilitantAtheist@lemmy.world
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    532 years ago

    Imagine what this must look like on the inside.

    You’re a software engineer at Twitter. You keep getting these weird tasks that you know are stupid, but you keep doing them just to see where the hell this bullshit will end up.

    • @Zetaphor@zemmy.cc
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      362 years ago

      And you haven’t already quit because you’re on an H1B/GC visa, and so your residence in the US is tied to your employment, effectively making you a corporate owned slave.

    • Hup!
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      2 years ago

      This is how distopias happen. Hell this is how fascism sneaks up on people if they aren’t paying close attention.

    • @Hamartiogonic@sopuli.xyz
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      42 years ago

      At that point you’re not even going to try to explain it to your boss any more. Just watching the whole thing burn might be more entertaining than trying to save it from certain destruction.

    • @krakenx@lemmy.world
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      2 years ago

      Imagine being the person who last Sunday night got the call from Elon “I really like this random X logo. Redo the entire site right now and remove all of the birds and blue theming, and have it live in production by tomorrow morning.”

  • @Gyella@lemmy.world
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    92 years ago

    Twitter is still a thing? Color me surprised. It won’t be much longer.

    Also, FUCK Elon Musky