Elon Musk plans to cost Twitter customers $8 a month for a “verified” account, and to regulate the charge based mostly on “purchasing-power parity”. How would possibly that work? Take into consideration what $8 should buy in America. Then think about how a lot comparable gadgets would price in, say, India—roughly 187 rupees on common, in response to the imf. That’s what Twitter would possibly cost in that nation. Transformed at market trade charges, 187 rupees is lower than $2.40, making verification look comparatively low cost in India. In contrast with India’s revenue per individual, nevertheless, it nonetheless seems to be comparatively expensive.■
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