NewsletterElon Musk’s X Selling Disused Twitter Handles For $50,000: Forbes
Billionaire Elon Musk’s social media giant X has started selling user handles no longer being used, as per emails being sent to potential buyers. It was rumored since last year, but appears to be implemented now as per earlier signed by Elon Musk. X plans to obtain millions of dollars from the program to cut down operating costs and help increase revenue.
X Rolling Out Handles For Sales
Elon Musk’s X soliciting potential buyers for abandoned or disused handles or usernames, Forbes reported on November 4. X has started to work on a marketplace to buy handles that are no longer in use. X aims to free up inactive handles by selling to interested buyers, some are notified through emails to obtain it for a flat $50,000.
Elon Musk earlier confirmed plans to free up as many as 1.5 billion usernames “soon.” After completing the name change to X and hiring Linda Yaccarino as CEO, the platform started purging defunct accounts from its site.
Currently, X username registration policy on its website reads:
“Unfortunately, we cannot release inactive usernames at this time. Please read our inactive account policy for more detailed information.”
However, its “inactive account policy” warned users to log in every 30 days to avoid being considered inactive, but also said X was not currently releasing inactive usernames.
Forbes said Elon Musk might want to consider purchasing at least one account soon — @handle, which hasn’t posted since 2019.
Also Read: US SEC Likely To Approve Spot Bitcoin ETF In November, Says Valkyrie CIO Steven McClurg
Elon Musk’s X Everything App
Elon Musk’s vision to make X Everything app come to actuality as it rolls out video and audio calling, payments, dating, hiring, and other features to the platform.
X is making developments related to artificial intelligence features on the platform, with the launch of chatbot Grok to early testers today. Moreover, he confirmed that none of his companies will ever create a crypto token, with potential of integrating the popular meme coin DOGE for payments.
Also Read: Supreme Court to Hear Coinbase Sweepstakes Arbitration Case
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