Musk proposes Twitter Blue subscription shake-up
Elon Musk, Twitter Inc’s largest shareholder, on Saturday recommended a raft of adjustments to the social media large’s Twitter Blue premium subscription service, together with slashing its worth, 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 potential to average content material.
Twitter Blue, launched in June 2021, is Twitter’s first subscription service and gives “exclusive access to premium features” on a month-to-month subscription foundation, Twitter says. It is obtainable within the United States, Canada, Australia and New Zealand.
In a Twitter put up, the top of electrical automobile maker Tesla Inc recommended that customers who join Twitter Blue ought to pay considerably lower than the present $2.99 a month, and will get an authentication checkmark in addition to an choice to pay in native foreign money.
“Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for credit card chargebacks) & suspended with no refund if used for scam/spam,” Musk mentioned in a tweet.
“And no ads,” Musk recommended. “The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive.”
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 options.
The firm already lets folks 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 belongings similar 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 shows up (to work there)”. The ballot acquired extra 300,000 votes in an hour, with 90% answering sure.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
