Technology

59590 readers

4795 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

772

Brands that don't buy enough Twitter ads will lose verification (www.theverge.com)

submitted 1 year ago by NevermindNoMind@lemmy.world to c/technology@lemmy.world

244 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] dangblingus@lemmy.world 23 points 1 year ago (3 children)

Saudi Arabia put up 20 billion or so of the 44 he used to purchase twitter. The reason behind this is widely speculated to be Saudi Arabia wanting to destroy twitter because it was instrumental in the Arab Spring uprising.

[–] oneofthemladygoats@lemmy.ca 3 points 1 year ago

They didn't put new money into the purchase, they rolled their pre-existing shares over. Dorsey did the same FYI.

Y'all are giving this idiot waaaay too much credit when it comes to scheming behind the scenes. It was a really poorly thought out pump and dump, nothing more. There's no big evil master plan; he's just really that stupid, and rich enough to constantly fail upwards. With Xitter we're just seeing his xitty ideas in their purest form, without the influence of the handlers he has to manage his bullxit at his other companies.

Although I have to say, the accidental brilliance of going with branding that's so phonologically flexible is pretty fantastic, the jokes can write themselves now. But I doubt advertisers are going to appreciate the fact that their interactions on Xitter are colloquially becoming known as xcrements now...

[–] assassin_aragorn@lemmy.world 2 points 1 year ago

They would've had to convince Musk though to take a huge hit to his credibility and ego with this, which I can't see him agreeing to.