Elon Musk's decision to charge a $1 annual fee for new accounts on X (formerly Twitter) could actually be able to combat the massive problem of platform abuse and bots, according to security researcher Troy Hunt.
What Happened: Musk's X announced that new accounts will be charged an annual fee of $1 if they want more than just "read-only" access. The nominal $1 fee will unlock the ability to post, X announced earlier today.
While this might seem controversial and quite contrary to the idea of increasing the number of active users on X, Hunt believes it can put a "massive dent" into the problem of abuse and bots.
"I’ve no doubt based on my own experiences that it’ll put a massive dent in abuse originating from those markets," Hunt said. He is the founder of the popular data breach tracking service, Have I Been Pwned.
The idea behind charging $1 is not to make money, and X said just as much in its announcement post. The idea here is to ensure the people creating and running these accounts are real people with credit card information linked to them.
This makes it easier to identify the people indulging in abuse and manipulation on X, since their accounts will no longer be anonymous and can be linked back to them directly thanks to the payment information.
"The reason wasn’t that there was no longer a return on investment (ROI) for abusers, rather it was because you had to stump up a credit card that could be traced back to you," Hunt added.
Why It Matters: X has been a target of manipulation via platform abuse and bots for a long time now. The new "Not A Bot" program that is currently being piloted in two countries – New Zealand and the Philippines – is the latest in line with multiple attempts by the company to cull down the manipulation.
With the year 2024 being a crucial one with elections in multiple countries worldwide, reducing platform abuse and manipulation could prove helpful. However, with 2024 just two months away now, it's unclear if this will be enough or too little and too late.
Check out more of Benzinga's Consumer Tech coverage by following this link.
Read Next: Rest Easy Apple, OpenAI’s Sam Altman Denies Rumors Of ‘iPhone Of AI’: ‘I Have No Interest’
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.