Twitter has announced that it will end free API access in what is another significant change since billionaire Elon Musk took ownership of the social media platform.
The Twitter development team said it will no longer support free access to both version 2 and v1.1, and that a paid basic tier will be available instead.
“Over the years, hundreds of millions of people have sent over a trillion tweets, with billions more every week,” it said on Thursday.
“Twitter data are among the world’s most powerful data sets. We’re committed to enabling fast and comprehensive access so you can continue to build with us. We’ll be back with more details on what you can expect next week.”
What is Twitter API?
It is described by Twitter as a set of programmatic endpoints that can be used to understand or build a conversation on Twitter.
It allows you to find and retrieve, engage with or create a variety of different resources such as tweets, users, spaces, trends and media. It can also be used to create automated bots.
Basically, APIs are the way computer programmes “talk” to each other so that they can request and deliver information.
The APIs allow people to build software that integrates with Twitter “like a solution that helps a company respond to customer feedback on Twitter”, the company said.
What has Elon Musk said?
He explained that “free API is being abused badly right now by bot scammers and opinion manipulators”.
As there is no verification process or cost, it is “easy to spin up 100k bots to do bad things”, Mr Musk said on Friday.
“Just ~$100/month for API access with ID verification will clean things up greatly,” he said.
What are some of the most popular accounts using Twitter API?
The Possum Every Hour account, which, as the name suggests, posts an image of a possum every hour and has more than 500,000 followers, said that it will cease to exist.
“Hi All, I regret to announce you all that this bot will stop working on 9th of February (Next week) due to new Twitter's API policy. I have no intention on paying Twitter for basic API usage,” it tweeted.
The Thread Reader App is also popular, with more than 600,000 followers. It has been designed to help people read threads more easily.
“To trigger me, you just have to reply to (or quote) any tweet of the thread you want to unroll and mention me with the 'unroll' keyword and I'll send you a link back on Twitter,” it explains on its Twitter page.
Another popular account using the Twitter API is SF QuakeBot, a robot that live-tweets earthquakes in the San Francisco Bay area. It uses data from the US Geological Survey.
Why is Twitter doing this?
Mr Musk has been vocal about the company's financial situation since his $44 billion takeover of the platform in October, saying that it was losing $4 million a day and that it was at risk of going bankrupt.
In December, he likened the company to a “plane that is headed towards the ground at high speed with the engines on fire, and the controls don’t work”.
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” Mr Musk said in a tweet on November 4.
He has, since October, reportedly fired more than half of the 7,500 employees at Twitter and introduced rampant cost cutting.
Mr Musk also launched a new subscription service, Twitter Blue, to bring in more revenue.
Hundreds of items from the social media platform's headquarters in San Francisco were sold, including a bird logo statue for $100,000.
Another method to raise revenue that has been under consideration is to put popular usernames up for auction, the New York Times reported.
Mr Musk is also moving ahead with plans to introduce a payments feature on its platform. The company has applied for regulatory licences across the US.
It appears to be another step in Mr Musk's bigger plan to create an “everything app” that would offer social media, e-commerce, peer-to-peer payments and FinTech services.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Navdeep Suri, India's Ambassador to the UAE
There has been a longstanding need from the Indian community to have a religious premises where they can practise their beliefs. Currently there is a very, very small temple in Bur Dubai and the community has outgrown this. So this will be a major temple and open to all denominations and a place should reflect India’s diversity.
It fits so well into the UAE’s own commitment to tolerance and pluralism and coming in the year of tolerance gives it that extra dimension.
What we will see on April 20 is the foundation ceremony and we expect a pretty broad cross section of the Indian community to be present, both from the UAE and abroad. The Hindu group that is building the temple will have their holiest leader attending – and we expect very senior representation from the leadership of the UAE.
When the designs were taken to the leadership, there were two clear options. There was a New Jersey model with a rectangular structure with the temple recessed inside so it was not too visible from the outside and another was the Neasden temple in London with the spires in its classical shape. And they said: look we said we wanted a temple so it should look like a temple. So this should be a classical style temple in all its glory.
It is beautifully located - 30 minutes outside of Abu Dhabi and barely 45 minutes to Dubai so it serves the needs of both communities.
This is going to be the big temple where I expect people to come from across the country at major festivals and occasions.
It is hugely important – it will take a couple of years to complete given the scale. It is going to be remarkable and will contribute something not just to the landscape in terms of visual architecture but also to the ethos. Here will be a real representation of UAE’s pluralism.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
KILLING OF QASSEM SULEIMANI
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
