Elon Musk plans to cost Twitter customers $8 a month for a “verified” account, and to regulate the price primarily based on “purchasing-power parity”. How would possibly that work? Think about what $8 should purchase in America. Then think about how a lot comparable objects would price in, say, India—roughly 187 rupees on common, in response to the imf. That is what Twitter would possibly cost in that nation. Converted at market change charges, 187 rupees is lower than $2.40, making verification look comparatively low-cost in India. Compared with India’s revenue per particular person, nevertheless, it nonetheless seems to be comparatively expensive.■
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