Musk proposes Twitter Blue subscription shake-up
Elon Musk, Twitter Inc’s greatest shareholder, on Saturday steered a raft of adjustments to the social media big’s Twitter Blue premium subscription service, together with slashing its value, banning promoting and giving an choice to pay within the cryptocurrency dogecoin.
Musk, who disclosed a 9.2 per cent stake in Twitter simply days in the past, was provided a seat on its board of administrators, a transfer which made some Twitter staff panic over the way forward for its means to reasonable content material.
Twitter Blue, launched in June 2021, is Twitter’s first subscription service and provides “unique entry to premium options” on a month-to-month subscription foundation, Twitter says. It’s out there in the USA, Canada, Australia and New Zealand.
In a Twitter submit, the pinnacle of electrical car maker Tesla Inc steered that customers who join Twitter Blue ought to pay considerably lower than the present $2.99 a month, and may get an authentication checkmark in addition to an choice to pay in native foreign money.
“Worth ought to in all probability be ~$2/month, however paid 12 months up entrance & account would not get checkmark for 60 days (look ahead to bank card chargebacks) & suspended with no refund if used for rip-off/spam,” Musk mentioned in a tweet.
“And no adverts,” Musk steered. “The ability of companies to dictate coverage is significantly enhanced if Twitter relies on promoting cash to outlive.”
Musk additionally proposed an choice to pay with dogecoin and requested Twitter customers for his or her views.
Twitter declined to touch upon Musk’s ideas.
The corporate already lets individuals tip their favourite content material creators utilizing bitcoin. Twitter had mentioned final yr that it deliberate to help authentication for NFTs, or non-fungible tokens, that are digital property equivalent to pictures or movies that exist on a blockchain.
Musk additionally began a ballot on his Twitter account – which has greater than 81 million followers – asking whether or not the agency’s San Francisco headquarters ought to be transformed to a homeless shelter as “no-one reveals up (to work there)”. The ballot bought extra 300,000 votes in an hour, with 90% answering sure.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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