Elon Musk on Saturday imposed severe rate limits on Twitter, limiting the number of tweets users can view per day.
X
the Tesla (TSLAThe CEO, which paid $44 billion to Twitter last year, said it had imposed “temporary restrictions” due to “extreme levels of data collection and system manipulation.”
What does the price limit mean on Twitter?
Twitter users receiving this message have reached the maximum number of tweets they can read or scroll past.
Initially, Musk said that verified accounts can read 6,000 posts per day, while unverified accounts can read 600 posts per day and new unverified accounts only 300.
On Saturday afternoon, Musk said the rate limits would rise to 8,000 posts per day for verified accounts, 800 for unverified accounts and 400 for new unverified accounts.
On Saturday evening, Musk tweeted that the rate limits would be 10,000 posts per day for verified accounts, 1,000 for unverified accounts and 500 for new unverified accounts.
Musk did not indicate when the borders might expire.
The restrictions caused great frustration and surprise among Twitter users. Suddenly they get messages like “Rate limit exceeded” or “Something went wrong. Try reloading.”
It doesn’t take long to hit rate limits when scrolling through tweets and replies, even for verified users. Users can tweet themselves, often complaining about the new restrictions, but other users may not be able to read these posts.
Why does Twitter restrict usage?
On Friday, Elon Musk said AI companies are scrapping the site to get data to train chatbots for free. “Almost every AI company, from startups to some of the largest companies on Earth, has been collecting massive amounts of data,” he wrote on Twitter on Friday.
Twitter has raised the prices for its application programming interface, or API, that lets third parties parse some of Twitter’s data and build tools with it.
On Friday, Twitter restricted non-account holders’ access to individual tweets.
Some observers have questioned whether data scraping is the real reason for Twitter’s price caps.
Since taking over Twitter last fall, Musk has cut staff to cut costs, but has seen ad revenue drop sharply. He’s tried to increase subscription revenue, but $8-a-month Twitter Blue subscriptions aren’t close to closing the gap in ad sales.
Elon Musk recently appointed Linda Iaccarino as CEO of Twitter. She was the Head of Advertising Sales at NBC Universal.
Cathie Wood stock is expected to generate 772% of EPS gain. It flashes a buy signal.
Can you exceed Twitter’s price limit?
Some services, such as Hootsuite, offer a way to bypass Twitter’s pricing limits at the moment. Such services allow users to create different columns for their Twitter timelines (and often other social sites), as well as lists, direct messages, notifications, and keyword searches.
Please follow Ed Carson on Twitter at @employee For stock market updates and more.
You may also like:
Best growth stocks to buy and watch
IBD Digital: Unlock IBD blue-chip stock listings, tools and analytics today
Tesla vs. BYD: EV Giants Vy for the Crown, But Which One is a Better Buy?
Stock market forecast for the next six months
futures: return to highs; 5 stocks in buy zones
“Beer aficionado. Gamer. Alcohol fanatic. Evil food trailblazer. Avid bacon maven.”