Elon Musk announces a new Twitter subscription.
Twitter boss Elon Musk wants to offer a subscription without advertising in the short message service. “Advertising on Twitter is too common and too big. We will take steps to change both in the coming weeks,” Musk wrote on Saturday.
There will be “a higher-priced subscription that doesn’t allow advertising,” Musk wrote on his Twitter account
After buying Twitter last October, multi-billionaire Musk immediately fired the top floor. A week later, he fired about half of the 7,500 employees, including many involved in combating misinformation. At the time, Musk said he wanted to expand the company’s revenue streams beyond advertising and develop new paid offerings.
The online network has been struggling with massive economic difficulties since its takeover by Musk. To compensate for the loss of advertisers, the multi-billionaire relies on subscriptions – from Twitter Blue, which includes verification of the authenticity of the user account and costs between eight and eleven dollars a month, to the now announced ad-free offer. (SDA)