The Blubber

CNN is Highly Unlikely to Pay for All Employees' $8/Mo Twitter Verification Costs
11/3/2022

Per BI, BBC, Forbes, Zippa

CNN said it was highly unlikely to cover verification costs for all employees. As per Zippa's estimate, the media company has 5,392 employees.

Since Elon Musk's $44 billion acquisition of Twitter, one of his newest moves was to charge an $8 monthly fee to verified members. As of 2021, there were 400,000 verified users on the platform.

Wedbush's forecast estimates a $5.8 billion 2022 revenue—equivalent to 2.4-3 million users paying the $8 monthly fee. Musk expected that service and another unknown addition called "X" to generate $10 billion in subscription revenue by 2028.

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