Biggest Dogecoin (DOGE) supporter Elon Musk has shared details about a new Twitter feature. The CEO, who has been criticized for subscription fees, is making a new move in this regard.
DOGE supporter says Twitter will roll out “higher priced” Blue subscription
Elon Musk announced on Saturday that his recently acquired Twitter will offer a new “higher-priced” Blue subscription that will remove ads. While this feature has yet to be implemented, the current $7.99 monthly Twitter Blue subscription offers 50% fewer ads compared to “unverified contacts.”
Twitter’s new subscriptions
Elon Musk, Twitter Blue’s solution to low membership numbers and a 40% drop in ad revenue may be to offer a more expensive but ad-free subscription. The Twitter CEO says he is also working on a mechanism to reduce the frequency and size of ads displayed on the platform.
Ads on Twitter are too frequent and too big. In the coming weeks, we will take steps to address both.
While the billionaire hasn’t clarified the new pricing, expectations are in the $15-16 range. The current Blue subscription includes benefits such as a blue “verified” checkmark, undo tweets, sending longer 1080p videos, thread reader mode, and preferential sorting on tweets. These features are currently priced at $8.
DOGE supporter wants Twitter to make more money
The tech billionaire has been working to steer the company’s economy away from advertising revenues since he bought Twitter in October. He counts on revenue from his “Twitter Blue” memberships to help him achieve this goal. Twitter is currently charging a $3 premium from Blue signups originating from iOS or Android smartphones to offset Apple and Google’s commission on in-app purchases.
Twitter Blue has been available as a paid subscription for $11 per month on iOS since its relaunch in December. Twitter started offering Blue to Android users for the same price on Thursday. There’s also the option to purchase a one-year subscription for the discounted price of $84.
While Musk didn’t specify the reason for the change, it’s possible that Twitter wants to eliminate third-party apps due to financial struggles and a mountain of debt that has caused the company to auction off thousands of dollars’ worth of office furniture and other decor.
cryptocoin.comAs you follow, Musk has made radical changes to bot accounts and pricing since purchasing the platform in October. Very recently, the “cashtag” feature was added in Dogecoin (DOGE) and Shiba Inu (SHIB).
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