Elon Musk has announced that Twitter will begin charging $8 per month for user accounts with blue verification ticks. The new fee is part of Musk's plan to reduce Twitter's reliance on advertising revenue and limit spam accounts. Some companies have paused advertising on Twitter until it's clear how Musk will manage the platform. In response to criticism over the new fee, Musk said "we need to pay the bills somehow". It remains to be seen how Musk's unexpected strategies will impact Twitter going forward.