Inactive X usernames on sale!!! X, formerly known as Twitter,currently owned by Billionaire Elon Musk has launched a program to sell unused user usernames, including some available for a fixed fee of $50,000, as per emails obtained by Forbes.
To Facilitate this, X has formed a dedicated team called the "@Handle Team" to create a marketplace for these unused account names. While specific details from the emails were not disclosed to protect the privacy of recipients, it was confirmed that X/Twitter has updated its guidelines, processes, and fees related to user handles.
This development comes after several months of speculation and indications from billionaire owner Elon Musk, who had voiced concerns about "bots and trolls" occupying a significant number of handles.
In response to user feedback, Musk had suggested the idea of a "Handle Marketplace" where users could trade their accounts with each other, possibly with the platform taking a cut.
The idea of a "Handle Marketplace" was originally proposed by one of Musk's followers, suggesting that people could sell their unused accounts to interested buyers. It now seems that an X team known as the "@Handle Team" is actively working to turn this concept into reality by establishing a marketplace where users can purchase account names that were initially registered but are no longer in use by their original owners.
Back in January, The New York Times reported that X employees were in discussions regarding the sale of X/Twitter handles, while Musk announced intentions to make approximately 1.5 billion usernames available. By May, X had commenced the process of removing inactive accounts from its platform.
X's username registration policy on its website continued to state that they couldn't release inactive usernames, and their "inactive account policy" encouraged users to log in every 30 days to prevent being labelled as inactive.
X/ Twitter has made recent changes to its guidelines, processes, and fees related to these account transactions. However Neither Elon Musk nor X has provided official comments or statements regarding this reported development.
X's valuation has experienced a notable decrease, currently standing at $19 billion. This marks a significant drop from the $44 billion that Musk paid for the social media platform just last year. The
CEO of X, Linda Yaccarino, has stated that the company expects to achieve profitability by early 2024. She also mentioned that the platform currently has 200-250 million daily active users and has re-engaged around 1,700 advertisers.
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