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A new report from The New York Times says that Twitter is thinking of selling usernames as a way to make more money. Elon Musk, owner of the microblogging platform, has been looking for new ways to generate more money for the company, which is why this report was published.
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According to the report, the company’s engineers have thought about holding online auctions where people can bid on usernames, also called “identifiers.” Since at least December, people have been talking about the potential new source of income. The details of this idea are still vague and it is not yet clear if it will affect all usernames or just some of them.
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Elon Musk said in a tweet last month that Twitter would soon start freeing up 1.5 billion usernames by removing inactive accounts. In October, Musk bought the social network. In a response on Twitter, he said that he was interested in releasing accounts with the usernames that people wanted. Twitter’s policy on username theft states that usernames cannot be bought or sold.
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Ever since Elon Musk bought Twitter for $44 billion, the billionaire has been looking for ways to boost the company’s revenue as ad revenue has declined. Reports say that since Elon Musk took over Twitter, many advertisers have left and the company has been lowering its own projections for how much money Twitter will make.
Twitter will soon begin freeing up the namespace of 1.5 billion accounts
— Elon Musk (@elonmusk) December 9, 2022
The report comes after popular messaging app Telegram said it will hold a username auction for both individual accounts and channels in October 2022. The auction will take place on a marketplace built on the TON blockchain. .
In addition, Twitter Inc. said Wednesday that there was no evidence that data recently sold online was obtained by exploiting a weakness in the company’s systems.
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Twitter said a bug it found early last year had exposed the information of 5.4 million accounts. He had already fixed the bug and told people about it over the summer.
Twitter said in a blog post that another 600 million pieces of user data “could not be linked to the previously reported incident or any new incident.”
In December, media reports said someone could gain access to the emails and phone numbers of more than 400 million Twitter users through the same security flaw found in January 2022.
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