Twitter faces financial trouble

Twitter, which changed its Blue subscription, which it introduced last year, faced financial problems. According to a report from Social Media Today, Twitter’s operating costs in the second quarter of 2022 totaled $730 million in total expenditure.

Musk is upset! Twitter faces financial trouble

Elon Musk, who came to the agenda with the radical changes he made after purchasing Twitter, could not see the effect he expected financially. According to a report by TechCrunch, the Blue subscription’s contribution to Twitter was limited to just $11 million.

A Twitter Blue subscription costs $8 per month if purchased through the website, and $11 per month if purchased via Android or iOS apps. In January, it was announced that around 290,000 users worldwide purchased a Blue subscription. Twitter Blue will bring the company an estimated $28 million in revenue this year.

The most listened songs of the week on Spotify have been announced!

The most listened songs of the week on Spotify have been announced!

Spotify has updated its list of popular tracks. Between March 17 and March 23, the most listened songs were announced.

The company aims to diversify its revenue streams as advertisers withdraw from the platform after Musk took over last year. According to The Information, the platform’s revenue dropped 40 percent and the 500 top advertisers left the platform.

The Verge reports that to attract more users to Blue, subscribers will be able to toggle the visibility of the blue checkmarks. While this feature is not yet available, it is expected that disabling a visible checkmark will draw backlash from users.

What do you think about this subject? You can share your ideas with us in the comments section.

source site-28