Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration
Since completing the Twitter deal, Musk has made a flurry of decisions impacting the working of the social media giant that has millions of daily active users. Image Credit: Reuters

Washington: Elon Musk said in a tweet on Wednesday that he "killed" the new official label for Twitter accounts, on the same day that it began rolling out.

"Please note that Twitter will do lots of dumb things in coming months," he tweeted. "We will keep what works & change what doesn’t."

Musk backtracked on the official label just a day after a product executive at the social media company announced it, leading to confusion about the difference between the label and Twitter's current blue check mark that signifies verified accounts.

The sudden change of heart will invite further scrutiny of Musk's plans for Twitter a week after he laid off thousands of workers and drew a massive drop in spending by advertisers, who are wary of the site's direction.

The botched rollout came out ahead of the hotly anticipated introduction of a revamped subscription model in which the site's famed blue checkmark would be made available for a fee of $7.99.

The blue tick has been a mark of an account's authenticity and doubts emerged that public figures or media outlets would pay for it. The official gray tag was seen by observers as a workaround to solve that problem.

The rollout of the new official label began on Wednesday and was on the accounts of companies such as Apple or BMW and public ones such as the White House and major media outlets.

But only a few hours later, it was gone.

Musk took control of Twitter after a drawn-out back-and-forth legal battle in which the mercurial tycoon tried to renege on the deal.

It emerged on Tuesday that Musk sold $4 billion worth of shares in Tesla to help pay for the deal in which he took on billions of dollars in debt.

The $7.99 subscription idea is seen as one way to overcome the loss in advertisers since Musk took over the company.

Twitter last week fired half of its 7,500 employees which Musk said was necessary as the company was losing four million dollars a day.