Billionaire entrepreneur Mark Cuban said Elon Musk made a 'huge mistake' with Twitter's new blue checkmark system. Here's what he recommended instead.
He offered a few solutions, which he posed as smarter ways to make money selling the blue checkmarks. For $100 per year, he wrote:Twitter could promote $10,000 worth of tweets from a nonprofit of your choiceCuban's $100 figure is roughly equivalent to the $96 that Twitter Blue users would pay in a year.
Twitter rose to prominence as a place where anyone could interact with anyone, and verified sources could keep people updated in real-time. Musk's implementation of Twitter Blue could make both elements harder for many users, particularly when they're no longer sure who they're actually speaking with.
But despite acknowledging Twitter's shortcomings, Cuban isn't retreating from the platform. In another recentthat the social media giant could reclaim its former power and popularity. "Twitter still is the best game in town for so many different types of communications," Cuban wrote. "If you look at Twitter on a 20 [year] horizon, the past [six months] are just the preseason and it's not hard to recapture what was."
Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.
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