Baystreet Staff
The New York Times (NYT) has picked a fight with Twitter after refusing to pay the monthly fee to get a verified check mark on the social media platform.
Twitter recently announced that its verified check marks are now available only through a paid monthly subscription.
Organizations such as The New York Times must pay $1,000 U.S. a month to obtain a gold check mark while individuals can get blue check marks for a starting price of $7 U.S.
However, The New York Times has balked at the prices being charged by Twitter and refused to pay.
The media company said in a statement that it “…will not reimburse reporters for Twitter Blue for personal accounts, except in rare instances where this status would be essential for reporting purposes.”
Twitter did not respond publicly to The New York Times statement but has removed the verified check mark on the newspaper’s account.
Another media company, Politico, followed The New York Times lead and has also refused to pay for Twitter verifications.
Twitter said that, as of April 1 this year, several accounts will lose their verified check marks as the social media company winds down its legacy verification program in favor of the new subscription model.
Twitter has been looking for ways to boost its revenue since Elon Musk bought the company last October and took it private.
The New York Times’ stock has gained 18% year-to-date and is currently trading at $38.88 U.S. per share.
