The stock price of Twitter Inc (TWTR) has risen by over 1.82% today till the late morning trading session. The stock price of Twitter has risen by over 7.62% since the beginning of week. The stock closed at $34.68 on Thursday.
The San Francisco based company is an online social networking service that enables users to send and read short 280-character messages called “tweets”. Registered users can read and post tweets, but those who are unregistered can only read them. Users access Twitter through the website interface, SMS or mobile device app. Twitter Inc. and has more than 25 offices around the world.
Twitter may soon have everyone on the social platform prove their identity by opening the verification process to all users. Twitter’s CEO Jack Dorsey said Friday that the company intends to find a way to allow all users to verify. “And to do it in a way that is scaleable, [so] we’re not in the way and people can verify more facts about themselves and we don’t have to be the judge or imply any bias on our part,” he said during a Periscope live stream.
Twitter introduced its blue check mark to signify verified users in 2009. Initially, the distinction was bestowed mainly on celebrities, athletes and public figures to curb impersonators. Then the badge was rolled out to journalists and other users. To obtain a verified check mark, users have to apply with a reason for why they need one.
But by making verification more accessible to all, Twitter intends to shift the focus of the designation away from any presumption of endorsement, and emphasize proof of identity. If verification becomes a ubiquitous way to prove real users, then the unverified and possibly bot-run accounts could become more obvious.
“Users think of it as credibility, [that] Twitter stands behind this person and what they’re saying is great and authentic, which is not what we meant,” David Gasca, Twitter’s director of product, said, according to the Verge. Twitter’s verification process has previously been the subject of controversy after the company reportedly verified white supremacist organizers of the Charlottesville rally. Twitter has not revealed any details on how its extended verification process might work.
Our analysts have given a “HOLD” rating to Twitter’s stock. The stock has been rising for the past month and has shown a positive trend. The current holders of this stock are advised not to sell it yet.