In the latest developments at Elon Musk's Twitter Inc., the relaunch of Blue Verified has been held off, and job cuts are being extended to include some employees in sales.
In a tweet on Monday, Musk said, "Holding off relaunch of Blue Verified until there is high confidence of stopping impersonation. Will probably use different color check for organizations than individuals."
Last week, he had said that the Twitter Blue upgraded subscription service would be relaunched on November 29.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.