Twitter to Charge Businesses $1,000 per Month to Keep Gold Checkmarks

No money, no honey.

Twitter is reportedly planning to charge businesses $1,000 per month to keep their gold checkmarks, according to a report from The Information. The social media giant could also charge an extra $50 per month to add badges to each account affiliated with the business.

The move is part of Twitter's Verification for Organizations program, which allows companies to "verify and distinguish themselves on Twitter." The company is still offering early access to the program, but has yet to reveal official pricing information.

The new fees are part of CEO Elon Musk's efforts to increase revenue and reduce Twitter's $12.5 billion debt. In addition to mass layoffs, Musk has started charging users $8 per month for a blue checkmark and will soon start charging developers for access to Twitter's API. Musk has promised to share Twitter's ad revenue with creators, but only if they pay for Blue. The company has also been auctioning off office furniture and other assets due to reported rent payment issues.

Twitter did not immediately respond to a request for comment from The Verge. The company no longer has a communications team.