Elon Musk, the CEO of Twitter, claimed on Monday that the microblogging service is “spinning up subscriptions” so that users can “charge” their followers for particular content. When one user used the new Blue tick function, which lets users create tweets with up to 4,000 characters, to submit a lengthy message, Musk said: “Good use of long tweet! The next update will allow much longer Tweets with basic formatting, so you can post any content on Twitter. We’re also spinning up subscriptions, so you can charge people for some content and they can easily pay with one click.”
One user expressed that it’s a great idea by saying” “Now an author can publish his entire book on Twitter perhaps one chapter at a time. Leave the first few tweets as free and the rest paid.”
This feature can be an opportunity for users to earn money through micro-blogging.
After March 20, the microblogging platform will stop allowing non-Twitter Blue users to use text messages for two-factor authentication (2EA). This was announced last week.
According to Twitter’s confirmation, its Blue service with authentication will cost Rs 650 per month on the web and Rs 900 on Android and iOS mobile devices in India.
As Elon Musk and the company work to make Twitter Blue a more substantial source of revenue for the service, Twitter is launching its next major push on Twitter Blue subscriptions. Twitter has now opened up Twitter Blue to users in Saudi Arabia, France, Germany, Italy, Portugal, and Spain. As a result, millions more Twitter users will now have the option to sign up for a verification checkmark. The new Twitter Blue program appears to have about 300,000 customers as of right now, according to third-party tracking, earning an additional $2.4 million per month and $7.2 million every quarter.
As a Twitter Blue exclusive, Twitter is also planning to bring back an upgraded Spaces/podcast experience. Musk has also suggested that certain users may be able to avoid paying for basic API access when it becomes unavailable next week if they sign-up. If the user wants, they’re probably going to be pricey. Twitter wants to encourage Blue sign-up by giving revenue-sharing for advertising that appear in reply threads.
The concept behind this is that if users post engaging tweets, they will be paid for the conversation they spark — but they have to be a Twitter Blue subscriber to get it.
Musk stated that he aims to generate about 50% of Twitter’s total revenue via subscriptions when first discussing his ideas for Twitter 2.0. That would accomplish two things: first, if most people sign up, Twitter can utilize Twitter Blue as a method of “payment verification,” making accounts without a blue tick more and more likely to be fake.
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