Elon Musk (the CEO of Tesla and SpaceX ) is a frequent Twitter user and proponent of Dogecoin ($DOGE). He made some suggestions on how Twitter Blue, the company’s first-ever subscription service, may be improved.
Musk owns 73,486,938 shares of Twitter, representing a 9.2 percent passive holding in the firm, according to a 13G filing filed with the Securities and Exchange Commission (“SEC”) on that day. The next day, Twitter CEO Parag Agrawal announced that Musk will be joining the company’s board of directors:
Jack Dorsey, the co-founder and former CEO of Twitter, appeared pleased as well:
It’s worth noting that Musk had just chastised Twitter for not doing enough to protect free speech less than two weeks prior.
On June 3, 2021, Twitter Blue, an opt-in, premium monthly subscription service, was unveiled. According to Twitter’s blog post, a Twitter Blue subscription includes the following premium features:
- folders for bookmarks
- undo tweet
- mode of reading
Twitter Blue costs roughly $3 per month and is available on Twitter for iOS, Android, and the web in the United States, Canada, Australia, and New Zealand.
Twitter clarified in its Help Center section that paying for a Twitter Blue subscription will not prevent advertising from appearing, and explained why:
Ads are currently funding our ability to develop as we expand this new area of our business. Ad-free Article is a feature of Twitter Blue that provides subscribers with a fast-loading, ad-free reading experience on the websites of publishers in the Twitter Blue Publisher Network…
“Twitter Blue is an entirely opt-in experience, and these early features were created for a specific group of active users.” Our ultimate goal is to give enough value in the form of premium features that customers believe it is worthwhile to pay for. For the time being, there is a cost of operation associated with adding more levels to the Twitter experience. We want to keep it affordable and ensure that you realize the value in the things we provide.
Musk, in a series of tweets published yesterday, offered a few suggestions for how Twitter Blue may be improved:
The Tesla CEO feels that the subscription fee should be cut to $2 per month (“paid 12 months in advance”), that there should be no advertisements, and that Twitter should consider accepting Dogecoin ($DOGE) as payment.
The current Dogecoin price is $0.149779 USD, with a 24-hour trading volume of $954,200,934. In the previous 24 hours, Dogecoin has increased by 4.52 percent. With a live market cap of $19,871,254,035 USD.
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