It’s no more news that the richest man in the world, Elon Musk is the new owner of the bird social media application, Twitter.
After emerging as the CEO, Musk has been busy making changes to the company’s operations and laying off staff simultaneously.
Before closing the 44 billion dollar deal with Twitter executives, there has been rivaled discussion about Twitter Blue’s revamp.
Twitter Badge
Recently, Elon Musk disclosed the company’s approach regarding the feature. According to Musk’s reply to Stephen King’s tweet, the paid plan will cost just $8/month.
He further stated that the price might change depending on the purchasing power parity of the country, which is perceived to be a global launch of the Blue attribute.
Musk’s tweet also states that the social network’s present verification process is akin to a “lords & peasants” system. Elon Musk’s tweet about the new paid plan may be a hint at offering regular users the verification badge.
Twitter New Updates and Subscription Plans
The billionaire also revealed some of the features that will be included, such as fewer ads, replies priority, mentions and search, and the ability to post longer videos than the regular limit of 2 minutes and 20 seconds.
As usual, Musk may change his mind, therefore, you shouldn’t take this announcement seriously. As a matter of fact, they might not be the features that should be expected when Twitter’s new updates and subscription plans are out.
Earlier this week, reports showed that Musk and Twitter are changing the verification process and it may cost up to $20 per month. However, the billionaire agrees to the $8/person pricing for now.
Recently, the company announced that it will no longer support ad-free articles under the Twitter Blue program.
Bypassing Paywalls
According to the report, Musk said there will be a new program for bypassing paywalls for publishers willing to work with the company. He also stated that the subscription revenue stream will help Twitter in rewarding content creators — but didn’t specify how it will be executed.
An important piece of information missing from this thread is a timeline of the rollout. According to a report by CNBC suggesting Tesla and SpaceX, boss companies will set aggressive deadlines to achieve their aim in no time.
Currently, Twitter Blue is available in the U.S., Canada, Australia, and New Zealand. Notably data from analytics said Sensor Tower suggests that Twitter’s app has generated only $6.4 million in in-app purchases to date, with Blue being the top purchase. Musk & co. will hope that this new subscription idea works better than that.
Conclusion
Tesla Owner, Elon Musk recently acquired Twitter with a whopping sum of $44b. After becoming the new CEO, there have been several changes in the company’s operations to enhance the blue application. In the coming days, regular users might have access to exclusive features such as the blue verification badge, among others. However, this is not ascertained as Mr. Musk is prone to changing his mind.
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