Latest / Elon Musk Podcast / Elon Musk: Twitter’s new multicolored verification will available soon

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Elon Musk: Twitter’s new multicolored verification will available soon · Elon Musk Podcast

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  mountaintops or sea floors. The Twitter check.
• 1:01
  Mark thing is a pretty big deal for Elon Musk at this point.
• 1:04
  Recently. He rolled out the Eight dollar
• 1:06
  per month paid plan, so you can get an official checkmark, the
• 1:10
  blue check mark for your Twitter profile, which is a great idea
• 1:13
  if you want to make sure that people have a credit card and
• 1:16
  that they can pay eight dollars a month.
• 1:17
  But that didn't seem to go too. Well, because people were paying
• 1:21
  the, $8 pretending to be other people pretending to be other
• 1:25
  entities, pretending to be large companies and just recently
• 1:29
  elected On musk pulled the plug on that program.
• 1:32
  Nobody can buy the 8 dollar check mark anymore for a little
• 1:35
  bit but Elon said that he's working on a tentative rollout
• 1:40
  for a new check mark type of scheme.
• 1:42
  Companies will get a gold checkmark, government officials
• 1:45
  will get a great check mark and then there's got to be something
• 1:48
  in between as well as for prominent accounts in the blue,
• 1:52
  check mark will be dedicated to individuals even if they're not
• 1:56
  celebrities so people like yourself Mike.
• 2:00
  Health can buy the 8 dollar check mark still but we don't
• 2:02
  know what the deal is with the other checkmarks.
• 2:05
  Do companies have to pay for a gold check mark more than likely
• 2:09
  they do. In government, officials will
• 2:12
  probably get the gray check mark because their government
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  official and they probably have to do some sort of a government
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  ID to prove who they are so they can get that check.
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  Mark, Elon Musk said sorry for the delay but they're figuring
• 2:24
  it out because this is a kind of a new company Elon is building
• 2:27
  here. It's not the same old Twitter.
• 2:30
  R as we're used to there's a big shake-up going on.
• 2:32
  So he's trying to figure things out and you have to live fast.
• 2:35
  Die young, kind of strategy. Get these things out of the way.
• 2:39
  Maybe you break some stuff along the way, but that's how you
• 2:42
  learn, that's how he builds. All of his company's SpaceX, is
• 2:46
  a huge, proponent of building something, and then going
• 2:50
  through the process of figuring out why it broke if it broke.
• 2:54
  So, say, if something has a red on the Launchpad rapid,
• 2:57
  unscheduled disassembly, The Launchpad to blows up, then
• 3:01
  they're going to figure out why it blew up.
• 3:03
  And then of course they're going to make those changes.
• 3:05
  So, that's kind of what's happening with the Twitter,
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  check marks and that in such an extreme scale as a rocket
• 3:11
  exploding. But Elon is said they're working
• 3:13
  on it. And individuals may have a tiny
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  logo showing that they belong to an organization if they're
• 3:21
  verified by the organization. Here's an example.
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  If you are the CEO of Best Buy and you have a regular Mark.
• 3:30
  But you may also have a small logo or some sort of little tab
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  or something that shows that you are the CEO of Best Buy or that
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  you work for Best. Buy, it could be a cool thing
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  that you're, you know, that you're actually verified with
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  that company and that you're not a faker and that's what Ilan has
• 3:48
  been working on for a while now, he's been hoping that Twitter
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  would do by themselves is to say, hey, we know that people
• 3:55
  impersonate Elon Musk all the time, we know that there's
• 3:57
  crypto scammers out there all the time, Every time Elon post
• 4:01
  anything, there's a million crypto scammers out there that
• 4:05
  are saying you just won 10 million Bitcoin.
• 4:08
  All you have to do is send us, the 0.01 Bitcoin and we'll send
• 4:12
  it to you'll, send it the million Bitcoin and they get
• 4:15
  away with it. I'm sure some of them make a
• 4:17
  little bit of money from it. But now Elon is trying to take
• 4:20
  that away from them, which is a great thing, because if you want
• 4:23
  this to be a centralized place for people to communicate, you
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  need to trust the people that are around, you need To trust it
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  there. The actual people when Elon Musk
• 4:32
  took over Twitter, there were over 7,500 people working there.
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  And now, Twitter has around 2,700 employees, the workforce
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  has shrunk, but Elon Musk said, he cut the fat of the company
• 4:46
  and he's going to start hiring again.
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  And during an all hands meeting with Twitter employees must said
• 4:51
  that the company is done with layoffs.
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  Everyone is good for now. They're actively recruiting
• 4:56
  roles in engineering and sales. Current employees are in Courage
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  to make referrals for people that they think would be able to
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  do the jobs and Twitter usually has these roles open to the
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  public as their hiring but I dug in and I couldn't find any on
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  the company's website. I believe this is in the very
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  early stages of Twitter 2.0 which is going to be an Elon
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  Musk company going forward and that they're going to be trying
• 5:21
  to hire from within the people that they trust and not outside
• 5:24
  influences on Monday. Elon Musk had an
• 5:27
  all-hands-on-deck Her employee meeting after about 1,000 people
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  left the company they resigned because they didn't want to do
• 5:37
  the quote, extremely hard core cultural reset, that's going to
• 5:41
  be happening at the company. He was taking questions from
• 5:45
  people that work there. They asked a lot if he was going
• 5:48
  to move the company from San Francisco to Texas, and then
• 5:53
  allowed went on to say. If we want to move the
• 5:55
  headquarters to Texas, I think it will play into the idea that
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  Twitter has gone from being Left wing to right wing which is not
• 6:02
  the case. This is not a right-wing
• 6:05
  takeover of Twitter. It is a moderate Wing takeover
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  of Twitter and Elon wants to make this a place where everyone
• 6:12
  can gather and express their ideas.
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  He's a free speech absolutist, of course, that's what he said
• 6:18
  in his own words, he acknowledges that there's been a
• 6:22
  lot of mistakes during his takeover of Twitter.
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  He acknowledges that it's fine. Things will stabilize over time.
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  He also said significant portions of the technology stack
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  need to be rebuilt from scratch and by setting up engineering
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  teams, in Japan, India, Indonesia, and Brazil this can
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  all happen and he wants to somewhat decentralize things as
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  well wants to encrypt a direct messages, which is a great thing
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  for people that send a lot of messages on Twitter.
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  Apparently, your Twitter messages aren't encrypted Ilan.
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  Said they plan on using the company signal to encrypt.
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  All of your DMs on Twitter in the future.
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  In, here's something you might not know about Twitter because
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  Elon Musk brought this up in the meeting.
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  And I wasn't 100% sure about this either.
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  So he said it may seem as though Twitter is u.s.
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  Centric but if anything it's Japan Centric.
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  There are roughly the same number of daily active users in
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  Japan is there are in the u.s. despite the fact that Japan has
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  one third of the population of the United States and during the
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  town hall meeting Elon Musk addressed to Twitter employees,
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  concerns about their compensation going forward.
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  SpaceX is a privately held company in a way things work.
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  Is it every six months, there's a liquidity event where the
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  company buys back shares and also invite new investors to buy
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  shares and will be able to operate Twitter in the same way.
• 7:47
  And Elon Musk said there's a lot of new things that he wants to
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  bring to the table with Twitter. One of them is to be able to
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  bank on Twitter, send the money back and forth and also P
• 7:56
  creators on the platform. So say somebody who are Has 90
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  So go to back plays.com / heel on back plays.com Ilan,
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  backblaze.com, be Lon. Could I take some of those
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  subscribers over to Twitter and start making a little bit of
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  money over there? There's a possibility that I
• 10:22
  could do that. Could I bring 10,000 people from
• 10:24
  YouTube to Twitter as a possibility, a very slight
• 10:28
  possibility, but There is a possibility that I could bring
• 10:31
  in a little bit of extra Revenue every month from my Twitter
• 10:34
  channels. So there's one thing that Elon
• 10:37
  was talking about paying the Creator's.
• 10:39
  You might be able to make a decent living on Twitter because
• 10:42
  right now on Twitter, everything is free.
• 10:44
  You can sure you can super subscribe to somebody or if I
• 10:47
  don't even know what it's called super follow somebody or
• 10:49
  whatever and you get x amount of dollars per month from that
• 10:52
  person. But that's not.
• 10:55
  There's no monetization really on the Twitter platform other
• 10:58
  than that and you can't really make a living.
• 10:59
  On Twitter at this point you can use it as one of your Social
• 11:02
  channels to show your reach and get sponsorships.
• 11:05
  Sure. But that also takes a sales team
• 11:08
  or to reach out to companies that you're interested in to get
• 11:11
  them to pay you something for your reach now.
• 11:14
  Ilana said thinking about doing something along the lines of
• 11:17
  YouTube where you can make money from the platform by just
• 11:20
  posting videos. Maybe they'll run an ad in a
• 11:23
  pre-roll, a post roll and a mid-roll.
• 11:26
  So you have three ad placements during the videos that would
• 11:29
  It'd be great. Now, are there going to be video
• 11:32
  editing tools on Twitter in the future, kind of competing
• 11:35
  directly with YouTube? I don't see that happening
• 11:38
  anytime soon with the slim down engineering team that Ilan has,
• 11:42
  I mean, it was 7400 people and the internal systems of Twitter
• 11:46
  and now it's about 2,700 people and building something like that
• 11:50
  out. It could take a long time but
• 11:53
  possibly these new people that are coming in, could fill that
• 11:57
  role maybe there is people that are coming into it.
• 11:59
  Is the financial situation people that are coming in to do
• 12:03
  the monetization and also people coming into the engineering to
• 12:08
  use the platform for creators. Now, another part of this is
• 12:12
  pretty important part of it for creators.
• 12:15
  How do you get paid? And there are a few things that
• 12:18
  you'll on mentioned about how creators could get paid in the
• 12:21
  future. You said, recently in a tweet
• 12:23
  that there's a possibility, he could be integrating crypto into
• 12:27
  the platform. He said he wants to do that in.
• 12:29
  The past he said that and he said that there's a possibility
• 12:33
  that, you know, Bitcoin or Dogecoin possibly, Dogecoin
• 12:37
  would be funny because it's kind of it's a meme coin but I think
• 12:41
  something more stable like etherium, or maybe a stable coin
• 12:45
  or maybe, you know, a way for them to bring Bitcoin to the
• 12:49
  platform and make the transactions pretty seamless and
• 12:52
  very quick because I mean, as a Creator, I know what it's like
• 12:56
  to wait. 30 days for your money on YouTube, If As a Creator say
• 13:01
  if I post a video on Twitter and I'm going to bring this up to
• 13:04
  Ilan, I'm going to Tweet him and say, hey, can we get paid the
• 13:06
  same day because there are other platforms out there that do
• 13:09
  that, there are some some podcast platforms that actually
• 13:12
  do. That, one of them is Anchor and
• 13:14
  whatever you do with your anchor podcast, you get paid within 24
• 13:18
  hours and you can get your money out immediately.
• 13:21
  So say if I write and do a podcast and say if I make 10
• 13:25
  bucks for that podcast. Yeah, maybe that might be a
• 13:28
  logical thing 10. Dollars, you know what, if you
• 13:30
  make a hundred dollars in that podcast, the hundred dollars if
• 13:33
  it's the day before you have to pay your bills and you're like,
• 13:37
  well, I'm a little bit short, those hundred dollars go a very
• 13:41
  long way in the grand scheme of things.
• 13:44
  So if that's a possibility at the payout, like immediate
• 13:46
  payout, whether it's Bitcoin, whether it's USD, whether
• 13:50
  whatever it is directly to your bank account, use stripe partner
• 13:54
  with somebody like that so you can get your pay out
• 13:56
  immediately. I think that would be a great
• 13:58
  option for Going forward as a Creator myself.
• 14:02
  I have two podcasts have a YouTube channel.
• 14:04
  I'm starting another YouTube channel for coding, you know,
• 14:07
  and there's there's numerous ways that I can make money from
• 14:10
  all this stuff but if Twitter was another one that would be a
• 14:13
  huge, huge deal. Now there is also a little bit
• 14:17
  of drama with Engineers leaving. There's long tenured engineer's
• 14:21
  people that have been there since the beginning are leaving
• 14:24
  some with more than a decade of experience or leaving.
• 14:27
  And there's corporate leaders that are Leaving Twitter, CEO,
• 14:31
  the CFO and chief legal officer, were all removed.
• 14:35
  On the first day that Elon took charge elon's top advertising
• 14:40
  and content partnership. Leaders have either resigned or
• 14:44
  been fired by Elon and there's critical teams throughout the
• 14:48
  company that have just been gutted by the layoffs.
• 14:51
  And people have just left. They fled because they don't
• 14:54
  know the certainty of their positions in the future.
• 14:57
  Usually, this happens, it's a corporate.
• 14:59
  Right? When you go from one company to
• 15:02
  another company, if you gut the company that you're going into,
• 15:05
  you already saw from the outside, what's wrong with the
• 15:08
  company? You see, 7400 people, seventy
• 15:11
  seven hundred people, something like that and then you think hey
• 15:14
  we're going to have to pay these people.
• 15:16
  A lot of money and what do they actually do?
• 15:18
  You know, I've been in corporate situations.
• 15:20
  I understand that sentiment. What are these people actually
• 15:22
  do? Why are these people here?
• 15:24
  And the people that he gutted? Well, he asked for some of them
• 15:28
  to come back as well and he's He's reached out to them, the
• 15:30
  companies reach out to them and hopefully they get Fair
• 15:33
  compensation. If they do come back, very fair
• 15:35
  compensation. If they do come back, if not, I
• 15:37
  hope that they all, you know, leave with the best interests
• 15:41
  going forward and hopefully they find employment pretty soon
• 15:44
  because, no matter what you think of Twitter or Elon or the
• 15:47
  people involved, it looks like the future for Twitter is coming
• 15:51
  together. The whole ecosystem of Twitter
• 15:55
  is starting to happen in elon's Mind's Eye and I'm excited.
• 15:59
  I did about it. I think it could be a great
• 16:01
  platform. I also think that the user base
• 16:04
  on Twitter is what Ilan bought. He didn't buy the technology
• 16:08
  because he said most of it has to be Rewritten, right?
• 16:11
  So some of it can probably stay the user.
• 16:15
  Base of people is what he bought.
• 16:17
  He bought people that are active on a social media platform and
• 16:21
  the fact that he can just integrate those people into his
• 16:24
  new product very easily. I think that's going to be a win
• 16:27
  for Twitter, and it's going to be a win for Eli.
• 16:29
  On and I believe since it's a privately held company he'll get
• 16:32
  investors private investors. This see his vision even more so
• 16:36
  than with the 45 billion dollar price tag that was initially set
• 16:40
  for the Twitter's purchase. I think there's going to be more
• 16:43
  investors coming in. I think there's going to be
• 16:44
  around next spring once he builds out the infrastructure
• 16:48
  and once he builds out the actual product and shows the
• 16:52
  offerings of Twitter and the future, maybe he renames it to
• 16:55
  x.com because he said x.com forever and he's always wanted
• 16:59
  to build. Something like this and this
• 17:00
  could be the opportunity for him to transfer everything over.
• 17:03
  It's going to be an exciting few months coming up and I'll have
• 17:06
  all the information for you. So please stay tuned.
• 17:09
  Please hit subscribe. So you can get all the Elon Musk
• 17:12
  information directly delivered to you on whatever podcast
• 17:16
  platform you're listening on, thank you so much for listening.
• 17:18
  My name is Will Walden and take care.