• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechElon Musk

‘We need to pay the bills somehow!’ Elon Musk haggles with Stephen King over verification fee after horror master blasts $20 price plan

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
November 1, 2022, 8:51 AM ET
Elon Musk haggled with Stephen King over the cost of his Twitter account in what amounted to a tacit confirmation he will hit up some of the platform's most valuable personalities.
Elon Musk haggled with Stephen King over the cost of his Twitter account in what amounted to a tacit confirmation he will hit up some of the platform's most valuable personalities.Taylor Hill—Getty Images

What began as a safety measure to distinguish real people from impersonators on Twitter will almost certainly become a perk exclusively reserved for paying accounts.

Elon Musk, the reluctant new owner of Twitter, confirmed the plans on Tuesday in a reply to author Stephen King’s own horror at a report he will soon need to pay $240 a year for the privilege of keeping his account’s official blue-check verification. 

King’s visceral reaction came after The Verge said Musk put engineers on a deadline to develop a paying verification product by Nov. 7 or lose their job. Those blue-check Twitter accounts—estimated to number around 400,000—that fail to accept the for-pay offer in 90 days would forfeit their verified status. 

“We need to pay the bills somehow!” the tech entrepreneur wrote, before floating a lower price. “Twitter cannot rely entirely on advertisers. How about $8?”

However, demand for such a paid service is extremely limited as evidenced by a poll from Musk lieutenant Jason Calacanis, who asked Twitter users what they would be prepared to pay for a blue check.

I will explain the rationale in longer form before this is implemented. It is the only way to defeat the bots & trolls.

— Elon Musk (@elonmusk) November 1, 2022

Out of the nearly 2 million accounts that have responded so far, more than four out of five refused flat-out. Another 18% were willing in theory at least to pay at least a minimum of $5 per month, but there is a margin of error as not all would likely fully convert and nearly 5% of all users are, according to Twitter, fake or spam accounts.

On Monday, King, who got a lot of support for his comments, wasn’t biting at Musk’s discounted price offer either: “It ain’t the money, it’s the principal of the thing.”

Indeed, data suggests the company’s limited attempt at creating a premium service—Twitter Blue—has been a dismal failure after raising less than $4 million over a year. Calacanis even texted Musk in mid-April that Blue’s features were “dogshit,” adding that “it’s worth paying to turn it off!”

Hitting up companies and other commercial interests that need official Twitter accounts for everything from sales lead generation to customer support is one possible avenue of increasing revenue. 

Yet paying fundamentally upends the purpose of a verified private account. If anyone can spend money to get a blue check, then it would no longer act as a universal tool for easily distinguishing valuable authentic accounts from possible fake ones. Plenty of important opinion-shaping individuals across the political spectrum could become open game for bad actors.

“I got verified because I was being harassed and part of the harassment was accounts pretending to be me,” wrote physicist and author Chandra Prescod-Weinstein on Sunday. “Verification should be open to all and free—but it’s a safety thing.”

Only way to defeat bots

There are deeper ramifications, however. Twitter and other forms of social media have been a means for dissidents in autocracies and dictatorships to organize as well as a megaphone to express their political dissent. 

If a malevolent regime were to spend money to disseminate misinformation under the guise of verified accounts—for example on the time and place of a protest—lives could potentially be at stake. 

“Verification of accounts like journalists, media, human rights orgs, etc. isn’t just a status signal or nice-to-have,” said Courtney Radsch, a fellow at the Institute for Technology, Law & Policy in Los Angeles. “It’s a safety feature that ensures sources know they’re contacting the real account. This had life & death implications in Syria.”

Verification of accounts like journalists, media, human rights orgs, etc isn't just a status signal or nice-to-have @elonmusk. It's a safety feature that ensures sources know they're contacting the real account. This had life & death implications in Syriahttps://t.co/FCjdGZXAGC

— Dr. Courtney Radsch (@courtneyr) October 30, 2022

The current debate boils down to a thorny dilemma that surfaced after Musk paid dearly for the loss-making company: he now has to find a way to somehow deliver an acceptable return for his elite group of co-investors, which include the kingdom of Saudi Arabia.

The Tesla CEO had attempted to ditch the deal entirely, citing a proliferation of bot and spam accounts. Legal experts said this was a transparently flimsy argument that would never prevail, and Twitter’s board promptly sued to force him to go through with the deal. 

Sensing he would lose the case in a five-day expedited trial, and facing what could be an embarrassing plaintiff cross-examination, Musk acquiesced last month to pay the full amount agreed in April without even so much as a face-saving markdown in price.

Now the new owner, who has now changed his bio from “chief twit” to “Twitter complaint hotline operator,” said hitting up verified accounts was a vital prerequisite to improving the platform’s experience for all 238 million daily active users.

“I will explain the rationale in longer form before this is implemented,” said Musk. “It is the only way to defeat the bots and trolls.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Meta's Hyperion data-center site in Northeastern Louisiana.
NewslettersEye on AI
Big Tech will spend nearly $700 billion on AI this year. No one knows where the buildout ends
By Sharon GoldmanApril 30, 2026
2 hours ago
Financial analyst working at a computer
Personal FinancePersonal Finance Evergreen
AI’s entry-level hiring nightmare is another gift to boomers’ retirement plans
By Catherina GioinoApril 30, 2026
3 hours ago
TOPSHOT - Alphabet Inc. and Google CEO Sundar Pichai speaks during the inauguration of a Google Artificial Intelligence (AI) hub in Paris on February 15, 2024. (Photo by ALAIN JOCARD / AFP via Getty Images)
AIGoogle
Google and Amazon’s biggest profit driver last quarter was their Anthropic stakes—which they haven’t sold
By Eva RoytburgApril 30, 2026
4 hours ago
Elon Musk arrives at the courthouse during his trial against OpenAI
CryptoElon Musk
Elon Musk likes Bitcoin—but he just told a jury most crypto coins are scams
By Jack KubinecApril 30, 2026
5 hours ago
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Norges Bank Investment Management annual investment conference in Oslo, Norway, on Tuesday, April 28, 2026.
EconomyJamie Dimon
For years, the risk Jamie Dimon was most concerned about was geopolitics. His answer has shifted
By Eleanor PringleApril 30, 2026
6 hours ago
google
InvestingMarkets
Google shares hit all-time high on blowout earnings, market cap doubles to $4.4 trillion in just a year
By Michael Liedtke and The Associated PressApril 30, 2026
6 hours ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
3 days ago
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
Banking
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
By Eva RoytburgApril 29, 2026
1 day ago
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
Big Tech
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
By Alexei OreskovicApril 29, 2026
19 hours ago
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
Economy
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
1 day ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
3 days ago
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
Future of Work
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
By Marco Quiroz-GutierrezApril 26, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.