The announcement is the latest in a series of major changes for the social media company, including the appointment of a new CEO, Linda Yaccarino, who took over from Musk in June. Upon her appointment, Musk tweeted that Yaccarino would « focus primarily on business operations, » while she would remain focused on « product design and technology. »
Musk also made waves last week when he appeared to be accepting a fight against Facebook co-founder and CEO Mark Zuckerberg. Musk tweeted on Friday « Some random fights are happening at the Colosseum, » after reports that Italy’s culture minister has contacted the two tech giants offering to coordinate the fight at the historic site.
Less than two hours after his initial tweet outlining the new rate cap policy and after much online outcry, Musk quoted his original announcement on Twitter as saying, “Fee caps will soon increase to 8000 for verified, 800 for unverified and 400 for new unverified ». He did not provide timing or explanations for the adjustment.