X will shortly introduce two new premium categories
By
siliconindia | Friday, 20 October 2023, 08:49 Hrs
Elon Musk said that X will soon roll out two new paid premium tiers, and one of those tiers with ads will cost less than the current $8 a month. The other tier will be a more expensive one, which will remove all ads, the billionaire said. “Two new tiers of X Premium subscriptions are launching soon. One is lower cost with all features, but no reduction in ads, and the other is more expensive but has no ads”, the X owner posted.
A follower reacted that he must work on a more fair monetization payout system instead. “It seems like some accounts are favored disproportionately higher than others who may have better engagement and views”, the Musk follower posted on X. Earlier reports said that X (formerly Twitter) is planning to split its premium paid subscription service into three membership tiers to earn more money and become profitable by 2024.
X would split the current $8 Premium subscription into three different plans, Basic, Standard, and Plus, at various price points. The entry-level Basic plan will not reduce the number of ads that users see on the platform. The Standard tier will show half as many ads and the top Plus premium offering will remove ads entirely and may cost more than $8 per month. Musk said that in order to tackle bots, new X users will need to pay $1 per year to post on the platform, although they can read other posts for free. The company is rolling out the test of this new program in New Zealand and the Philippines before it launches it globally.