Elon Musk, Twitter’s new CEO, has criticized the social network’s account verification process, comparing it to a system of “gentlemen and peasants” and again hinting that a paid monthly subscription will be introduced.

Elon MuskPhoto: Hannibal Hanschke / AFP / Profimedia Images

“The current men’s and boys’ system, who has a blue check mark or not, is garbage. Power of the people! Blue for $8 a month,” he wrote in a new post on the social network he took control of last Thursday after a months-long dispute in which both sides sued.

In a subsequent publication, he stated that “the price will be adjusted for each country in proportion to purchasing power parity.”

“You’ll also get: priority in replies, mentions and searches – important to combat spam/fraud – the ability to post long-form video and audio, half of the ads displayed,” he added.

So-called bots, fake accounts that post spam, have been at the center of a dispute between Musk and Twitter, with the billionaire accusing the company of failing to provide him with the actual number of bots out of Twitter’s total number of users.

How Elon Musk traded with Stephen King on Twitter

Musk’s new $8 price tag for following verified Twitter accounts comes after author Stephen King, a prolific Twitter user, sharply criticized Musk’s plan to introduce such a form of payment, information that was first reported by sources.

“$20 a month to keep my blue tick? Hell they should pay me. If this is introduced, I will go like Enron,” he wrote, referring to the US energy company that went bankrupt in 2001 due to huge debts and “toxic” assets.

“We have to pay the bills somehow! Twitter cannot rely entirely on advertising. How about 8 dollars?”, – answered the richest man on the planet to one of the most famous writers of our time.

The announcement that Musk had finally bought Twitter sparked a mass exodus of left-leaning American celebrities from the platform, and the billionaire also announced that he would also take over as the company’s CEO.

One of Elon Musk’s first moves at his new portfolio company was to fire CEO Parag Agrawal, CFO Ned Segal, and Twitter’s chief legal officer.