Elon Musk, CEO of Automobile giant ‘Tesla ’ tweeted that his recently acquired social media app Twitter would provide a new but “higher priced” Blue subscription that will remove advertisements from the micro-blogging platform.
Ads are too frequent on Twitter and too big. Taking steps to address both in coming weeks.
— Elon Musk (@elonmusk) January 21, 2023
Although this functionality hasn’t yet been made available, the existing $7.99 per month Twitter Blue subscription offers 50% fewer advertisements when compared to “non-verified persons.”
Twitter Blue Subscription was first launched on 5 November 2022, and had stopped accepting subscriptions by 11 November. The Washington Post reported the following week that “about 150,000 users” had subscribed to the new Twitter Blue during those initial few days, based on information from an internal source.
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Imagine if every Twitter account holder has a wallet that is accruing balance all the time for the Users’ Attention; Engagement; Contribution; Interactions stored permanently on-chain via Block scripts.
It’s possible that Elon’s solution to Blue’s poor membership numbers and the 40% decrease in ad revenue — is to provide a subscription that is more expensive but does not include ads. Musk claims Twitter is also working on a mechanism to minimize the frequency and size of the adverts showcased on Twitter.
Matt Wallace, a close ally to Elon Musk announced they [Twitter] are making a creator fund to pay you for using the platform. Content is king, If Elon gets creators motivated enough to prioritize Twitter then it’s lights off for Instagram and the likes.
Apparently, Elon Musk said in the coming months, Twitter will translate and recommend amazing tweets from people in other countries and cultures. In November, Elon Musk replied to a tweet from Mr Beast— a prolific YouTuber signaling a call on Monetization of Contents on the bird App.
Twitter already has written content monetization through their acquiring of Revue, but I’d be HAPPY to see them innovate to Twitter-based deliverables.
Nick Flor, AI-ML-Algorithm VIZ Analyst consequently opined that;
Old Twitter was focused on brainwashing the public and serving the Woke Mind Virus.
New Twitter is a real company that focuses on providing a rich and entertaining customer experience.
On GitHub, Twitter Blue Repository record shows that as of 22 January 2023, there are just over 250k accounts listed on the Twitter Blue Subscription, but this does not mean that there are only 250k Twitter Blue subscribers. 150,000 Twitter Blue subscribers signed up between November 5-11, since it relaunched in December, 2022 only 75,000 additional users have signed up.