🐕 Twitter’s Dogecoin Drama

CREATOR ECONOMY NEWSLETTER

Issue #122 | April 4, 2023

Oh boy, there was a lot of Twitter drama this week.

Although Twitter announced it would revoke legacy verification status for its users beginning April 1, it appears only a few accounts have been removed, aside from accounts like the New York Times. It seems legacy verified accounts will be slowly removed over the next few weeks. See a recap of the news below from reporter Gavia Baker-Whitelaw.

In addition, as you probably noticed on Wednesday, Twitter’s logo on the upper left hand corner changed from the little blue bird to the Doge meme icon. While some Twitter users thought the move was a late April Fool’s Day joke, others are speculating that a new update to the app is an attempt by CEO Elon Musk to bury news of a racketeering lawsuit against him. Read reporter Jacob Seitz’s breakdown of the speculation below.

– Grace Stanley, Newsletter Editor

THE HIGHLIGHT

Did Elon Musk change the Twitter logo to distract from his Dogecoin lawsuit?

A theory is afoot.

By Jacob Seitz, Passionfruit Contributor

→ READ THE FULL STORY

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ONE GREAT TIP

“When it comes to contracts I would want the younger generation to get an agent or someone similar who knows what they are doing to look over it. This is huge, especially for someone who is signing their first contract with a big organization.”

—Streamer Ten Z shares tips for contract negotiation. Read more in our November 2022 interview.

SEEKING A TREND

Twitter seemingly backtracks on removing ‘legacy’ blue checkmarks

After announcing the end of unpaid verification, Twitter failed to deliver, causing confusion and impersonation of public figures like J.K. Rowling.

By Gavia Baker-Whitelaw, Passionfruit Contributor

READ THE FULL STORY →

NOW LOADING…

Trans activist Erin Reed supports activism through content creation

‘I think it’s important as a leader of my community to directly confront people like Matt Walsh.’

By Adrienne Hunter, Passionfruit Contributor

READ THE FULL STORY →

FROM THE INSIDE

NIL rights are changing the creator economy, and Curastory is ushering in a new era of monetization tools for athletes

‘This is the first time in history student-athletes can monetize their social media just like a YouTuber.’

By Lateefah Jean-Baptitse, Passionfruit Contributor

READ THE FULL STORY →

IN THE BIZ

  • Streamer and grandmaster chess player Hikaru Nakamura is moving to the controversial streaming platform Kick.
  • The Webby Awards 2023 nominations were announced, including nods to the viral Rare Beauty brand by Selena Gomez, Etsy’s social media presence, and creators like Anthony Padilla. (via Deadline)
  • The Information’s creator economy summit takes place on April 20 in Los Angeles, featuring guests like Hank Green and Dixie D’Amelio.  
  • Some parents are reserving social media handles for their babies. (via the New York Times)
  • TikTok creators raised over $1 million for trans health care and gender-affirming surgeries in a 30-hour live stream. (via NBC News)
  • Influencers Logan Paul and KSI inked a Los Angeles Dodgers partnership. (via Tubefilter)

TIKTOK MADE ME DO IT

Barbie memes are proliferating ahead of the new movie premiere.

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