After witnessing a lash out from the Twitter community, the platform’s new owner Elon Musk now made it official to offer Blue subscription at $8 per month. In what appears to be a pricing applicable for U.S. based users, Musk said the $8 will however be adjusted for various countries based on purchasing power parity. “Price adjusted by country proportionate to purchasing power parity,” he added.
The All New Twitter Blue – Features
In line with Elon Musk’s vision to make it a level playing field for all users, the social media company is proposing to bring in a new policy. An important aspect is that Twitter Blue subscribers will get only half as many advertisements compared to non-subscribers. The Blue subscribers will also get priority in replies, mentions and search. This move could be key in eradicating spam and scam related content on the platform. Also, the subscribers will be given access to post long video and audio content on Twitter.
The Twitter owner said in a tweet:
“Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit. Power to the people! Blue for $8/month.”
Also, publishers who intend to work with Twitter will be able to bypass the paywall, thanks to Twitter Blue. Musk suggested that the revamped Twitter blue checkmark policy should be transparent and fair. In his vision statement after taking charge at Twitter, he stated that he wants the platform to be a fair and reliable place.
Revenue To Reward Creators
Musk indicated that the objective of charging Twitter Blue subscription fees is to create a revenue stream. Through the Twitter Blue program, the social media platform would gain revenue which in turn could be awarded to support content creators, he explained. “This will also give Twitter a revenue stream to reward content creators.” Musk said it is “absolutely essential to incentivize content creation”. Creators need to make a living, he added.
— Elon Musk (@elonmusk) November 1, 2022
He also indicated that the subscription fee program would resolve most of the spam and bots issue on the platform. Reacting to a tweet that said the $8 fee could solve most of the bot and impersonation problem, Musk replied, “exactly.”
Payments On Twitter In Crypto
In one of the earliest signs of confirmation on cryptocurrency based payments on Twitter, Elon Musk gave a hint. When a user asked Musk about the possibility of payment in crypto on the platform, he did not reply but he did like the tweet. “Sounds great. Payment in crypto?” the tweet read. This hint from Elon Musk reinforces claims of Dogecoin (DOGE) payments on Twitter.
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Source: https://coingape.com/breaking-elon-musk-officially-finalizes-twitter-blue-subscription-at-8/