Technology TheFOXposts.Com

Elon Musk's social media platform X, formerly known as Twitter, rolled out two new subscription plans on Friday, including a Premium+ tier for users willing to pay for an ad-free experience. The Premium+ plan, priced at about $16 per month, includes all the tools and features offered by the platform, minus the ads, the company said in a post on the platform. It will, however, be available for users accessing the platform through a web browser for now, it added. The basic tier is priced at $3 per month but is not ad-free. X is also planning to bundle video and audio calling for some users, in a push to turn the platform into an everything app. Musk has been exploring several options to extensively monetize the social media platform, which he acquired for $44 billion in October 2022. Source: https://thefoxposts.com/elon-musk-s-x-launches-two-new-premium-subscription-plans-TheFOXposts-40103.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blog...

Elon Musk said on Friday social media platform X, formerly known as Twitter, will soon launch two new tiers of premium subscriptions. "One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads," Musk said on a post on X. Two new tiers of X Premium subscriptions launch ing soon. One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads. — Elon Musk (@elonmusk) October 20, 2023   Musk, who took over the platform in October 2022, has been trying to boost revenue by charging users and by wooing back advertisers, who stopped buying ads after Musk fired most employees and disbanded content moderation teams. Musk has acknowledged that the platform has taken a hit on revenue and has blamed activists for pressuring advertisers. While he did not provide more details on the subscription plans, a test case by X earlier this week suggested several res...

 Twitter Inc CEO Elon Musk said on Friday that the social media platform will take a 10% cut on content subscriptions after the first year, as the company looks to monetize content on the website in a bid to diversify its revenue sources. Earlier this month , billionaire owner Musk said users of the social media platform will be able to offer their followers subscriptions to content , including long-form text and hours-long video. He had also said that the company will not take a cut for the first 12 months on content subscriptions. Musk has been bringing in changes at Twitter to boost revenue after the platform saw advertising income drop last year in the run up to his $44 billion acquisition that closed in October. He added that the company's cut from subscriptions on iOS and Android platforms will drop to 15% in the second year from 30% in the first. We will keep 10% after 12 months , but iOS/Android subscription fees drop from 30% to 15% in year 2, so...