Twitter's Blue Tick to cost $8 per month

As reported by Investing.com, the owner of Twitter Inc. Elon Musk announced a new price of Blue Tick for social network users. The verification system would be valued at $8 per month.

Initially, the cost of Blue Tick, according to insiders, could have been $20. As of today, Musk has floated the idea of charging $8 a month to account holders.

The billionaire said the price would vary by country, based on the purchasing power of the population. Through the monthly fee, users may get a range of benefits: priority in responses, mentions and search queries, the ability to post long videos and audio, along with fewer ads. 

Besides, Musk noted that publishers of the social network would be able to bypass paid access in case of cooperation with Twitter. This would increase the corporation's revenue stream in order to reward content creators.