Introduction:
Elon Musk confirmed today’s reports and code sightings by announcing that X (previously Twitter) will introduce Elon Musk Confirms X two new premium levels shortly.
According to the platform’s owner, one tier will be less expensive than the existing $8 monthly plan, but adverts will be kept. The other tier, which is more costly, will have no advertisements. The current premium plan claims to show users “half ads”. Musk omitted to discuss the costs of these new tiers.
Elon Musk Confirms X:
Elon Musk Confirms X (image Source: techcrunch.com)
Three distinct premium tiers were mentioned in X’s code earlier this month, according to @aaronp613. Separately, Bloomberg revealed that the business is experimenting with several paid plans to boost sales.
The goal of Musk and the company is to boost X’s revenue. This week, the business began testing a $1 annual plan for new users in the Philippines and New Zealand for posting, liking, and reposting functions. According to the social network, this action was taken to lessen the number of bots using the site and was not intended to be “a profit driver.”
According to Reuters, ad revenue has steadily decreased since Musk’s acquisition. Therefore, it is not surprising that Musk is taking action to increase subscription revenue.
With former NBCU executive Linda Yaccarino as CEO, the company is attempting to entice advertisers and publish desirable stats. Yaccarino claimed earlier this month that X has 500 million daily posts and 245 million daily active members.
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