Despite claims that Twitter is losing advertisers and users, Elon Musk stated that the microblogging service is not yet secure and that it is not going bankrupt in response to a tweet about the site’s economics. “On today’s All-In podcast @elonmusk claims, we’ve brought the expenses (of Twitter) under control, so the company isn’t on the fast lane of Bankruptcy anymore,” tweeted Farzad Mesbahi, a YouTuber who focuses on emerging technology. “Twitter isn’t secure yet, just not on the fast track to bankruptcy,” Musk responded. There is still plenty to do. Elon Musk has the following to say regarding Twitter costs following Twitter layoffs.
By introducing the blue tick membership, which costs $8 per month online or $11 per month through the iOS App Store, Musk earlier attempted to increase Twitter’s revenue. Users who first joined up for a subscription on iOS for $2.99 or $4.99/month are required to upgrade to a $8/month web subscription or a $11/month (or your local pricing) subscription for iOS in order to preserve their subscription, according to the microblogging platform. Musk has stated his desire to solicit investments in Twitter at the $54.20 per share initial share price, which was the amount at which he paid $44 bιllιon for the company.
Jared Birchall, Elon Musk’s money manager, reportedly called an investor to inform them that he is “selling shares of Twitter at the same price, $54.20, that Musk paid to take the corporation private in October.” In the meantime, according to a report in the MIT Technology Review, the Twitter fraud detection tool Bot Sentinel estimates that during October and November, 497,000 accounts were suspended and 877,000 accounts were canceled. Why is Twitter not secure?Breach of Twitter Data:
One of the causes is the recent data breach at Twitter, according to which a “тhreaт actor” is said to have posted the personal data of 400 million Twitter users for sale on the dark web. Numerous accounts’ personal information, including phone numbers, email addresses, and other information from several very well-known accounts, has reportedly been leaked by the hacker. The user provided a sample database of 1,000 users with private information about well-known people under the username Ryushi. According to rumors, the hacker who claims to have stolen the data has made Twitter an offer. He claimed, “If you are reading this article, you are already in dangҽr of GDPR fines since Twitter or Elon Musk exposed the personal information of over 54 million individuals. The leak of 400 million user data has no repercussions. He advised Twitter to be careful.
The hacker has also offered to sell the data. He stated that he was open to working with any middlemen. Meanwhile, analysts surmise that this data leak may have been caused by an API issue. A Twitter data leak that affected more than 5.4 million users globally prompted the Irish Data Protection Commission (DPC) to open an investigation. the security of Twitter Earlier this year, Musk said that “Twitter 2.0” would feature encrypted direct messaging.
The teams would work to add encrypted voice and video calling between accounts, he continued, and they also wanted to enable users to communicate without being concerned about their privacy, the possibility that a Twitter data breach would make all of their direct messages publicly available online, or the possibility that someone at Twitter might be listening in on their DMs. It has occurred before, and this time it won’t be cool. The CEO further stated that Moxie Marlinspike, the person of Signal, is now “maybe willing to help out” with encryption after speaking with him.
Conclusion:
It is notable that Musk acknowledges that Twitter is not as secure as users would like it to be while yet noting that the company is improving.