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Musk’s X starts selling unused account handles for flat $50,000

Elon Musk-run X has reportedly started selling user accounts that are not in use anymore, asking a flat fee of $50,000 to begin a purchase.

San Francisco, Nov 4,2023: Elon Musk-run X has reportedly started selling user accounts that are not in use anymore, asking a flat fee of $50,000 to begin a purchase. In November 2022, the new Twitter owner had revealed the idea to kick off such a programme into effect in the coming months. The billionaire had mentioned that a vast number of handles had been taken by “bots and trolls” and he will start “freeing them up next month”. A follower had then suggested a “Handle Marketplace” where people could sell accounts to each other. Now, emails seen by Forbes reveal that an X team called@Handle Team has started work on a “handle marketplace for the purchase of account names left unused by the people who originally registered them”. “X has emailed solicitations to potential buyers requesting a flat fee of $50,000 to initiate a purchase,” the report said. The emails came from active X employees, saying that the company recently made updates to its @handle guidelines, process and fees. Musk or X did not officially comment on the report. Reports earlier this year said that Musk planned to free up as many as 1.5 billion usernames “soon.” In May, X began purging defunct accounts from its platform. Meanwhile, X has seen its valuation drop to $19 billion — less than half of which Musk bought the social media platform for $44 billion last year. X CEO Linda Yaccarino asserted last month that the company will be profitable by early 2024, adding that the platform may now have 200-250 million daily active users. According to her, about 1,700 advertisers have returned to the platform.

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