• X to start charging users US$1 soon

     

    X, formerly known as Twitter Inc (NYSE:TWTR), is now introducing a US$1 annual charge for new users in New Zealand and the Philippines as part of plans to boost revenues.

    This is coming after a steep decline in following since Elon Musk’s purchases of the app for US$44 billion.

    Sneaking the payment in under the guise of helping “combat bots and spammers on X”, the subscription, called ‘Not A Bot’, requires new users to verify their identities with a phone number before paying the annual fee or opting for a premium account. Will it in time spill to other countries? Sure.

    According to X, those who do not subscribe to the scheme will only be able to use the social media app to complete ‘read-only’ tasks like viewing posts, watching videos, and following accounts.

    The scheme is starting from October 17th, 2023.

    Further, X hopes the fee will wade off bot operators, as the cost of setting up multiple accounts is now a strong deterrent.

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  • Elon-Twitter saga – How it helped Twitter’s stock

    Elon Musk recently said he’s ready to buy Twitter, and if he’s not allowed to do so, he will reconsider his position as a shareholder.

    The news was spread over social media but one that gained my attention was seeing Twitter’s stock rise during the viral news.

    Why did it arise?

    And what does it matter?

    At first, investors were not clear on what Tesla CEO wanted to do with Twitter, since he said he will make it a private company.

    Secondly, no one could actually tell how Elon would finance the purchase.

    Thirdly, because Elon has shown interest in buying Twitter, other potential admirers/buyers also came up, and this is what likely made Twitter’s stock price go up.

    We wait for Twitter to reveal how this news pans out.

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  • Nigeria lifts Twitter ban 12 Jan. 2022

    Kashifu, in a statement in Abuja, said the approval was given following a memo written to the President by Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim.

    He said: “The Federal Government of Nigeria (FGN) directs me to inform the public that President Muhammadu Buhari, GCFR, has approved the lifting of the suspension of Twitter operation in Nigeria effective from 12am tonight, 13th January 2022.

    “The approval was given following a memo written to the President by the Honourable Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim.

    “In the Memo, the Minister updated and requested the President’s approval for the lifting based on the Technical Committee Nigeria-Twitter Engagement’s recommendation.”

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  • Twitter says up to 8 accounts had all their data downloaded during its giant hack

    The hackers who hijacked dozens of high-profile Twitter accounts this week may have had a second, less visible purpose.

    The hack took place on Wednesday when the hackers successfully gained access to accounts belonging to public figures, including Barack Obama, Joe Biden, Elon Musk, Bill Gates, and Kim Kardashian, as well as some company accounts like Apple and Uber.

    Hijacking these accounts, the hackers tweeted out a Bitcoin scam, asking followers to send Bitcoin to a specific wallet address and promising to send back double the amount.

    An example of one of the tweets sent by the hackers. Twitter

    Twitter said on Friday that it believed 130 accounts were affected by the hack , and that only a “small subsetactually tweeted anything.

    Later that same day in a blog post , Twitter offered some more detail.

    “As of now, we know that they accessed tools only available to our internal support teams to target 130 Twitter accounts. For 45 of those accounts, the attackers were able to initiate a password reset, login to the account, and send Tweets,Twitter said.

    But sending tweets to a Bitcoin scam doesn’t appear to have been the hackers’ only objective.

    Out of the 130 compromised accounts, Twitter says up to eight had their data fully downloaded by the hackers using the “Your Twitter Datatool, allowing users to download all the data relating to their account, including their private messages.

    Twitter said none of these eight accounts were verified, suggesting they may not have been any of the high-profile celebrity or company accounts that tweeted links to the Bitcoin scam. However, some of the hijacked accounts were popular but unverified accounts (e.g. the popular @TheTweetOfGod).

    Twitter gave no details on which accounts these were or what they might have in common. Numerous reports have linked the attack with a community of hackers obsessed with so-called “OGaccounts with super-short Twitter handles.

    Cybersecurity journalist Brian Krebs reported that hours before the Bitcoin links started being tweeted on Wednesday, a handful of OG accounts, including “@6,were also hijacked.

    How did they do it

    Twitter also provided more detail about how the hackers managed to crack into its systems.

    Twitter said the hackers had managed to gain access to an internal company tool using a “coordinated social engineering attack,on Wednesday. Social engineering is a term which means hackers manipulate, trick, or convince their target to hand over access to a system, rather than technically hacking.

    “The attackers successfully manipulated a small number of employees and used their credentials to access Twitter’s internal systems, including getting through our two-factor protections,Twitter said in its Friday blog. It did not say how the employees were manipulated. On Thursday, Motherboard reported that a source who took part in the hack claimed the attackers paid a Twitter employee.

    In its blog, the company said it would be implementing extra training to guard against social engineering.

    Twitter says it is still investigating the attack and is working with law enforcement. The FBI is looking into the hack .

    The company said it is also restoring access to the account holders who were locked out while it sought to reestablish control of the situation. At least one affected account appears to have gone back to its owner, as Tesla’s Elon Musk started tweeting again late on Friday.

    Source

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