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Home Technology

Elon Musk hints at charging all X users a monthly fee

Clerkson Aroni by Clerkson Aroni
September 19, 2023
in Technology
Reading Time: 1 min read

Elon Musk said Monday he may make X – the social network formerly known as Twitter – an entirely subscription-based platform.

During a wide-ranging conversation focused on artificial intelligence with Israeli Prime Minister Benjamin Netanyahu, Musk said, “We’re moving to a system where there will be a slight cost to usage of Twitter,” Musk stated. “This will get rid of the bots and trolls.”

Read more: Kenyan Passport Climbs Six Places in Global Rankings, Boosting Business Prospects

Musk did not give a timeline for his plan to charge X users, nor did he say how much it would cost. According to Musk, X has 550 million monthly active users who create 100 million to 200 million posts daily.

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X advertising revenue has plunged 50% since Musk bought the company in October for $44 billion, Musk said in a July 15 post. “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” he wrote.

X’s current subscription program, X Blue, starts at $8 per month. Benefits include verified check marks, ability to edit posts, reduced ads, prioritized content rankings, longer posts and videos, and a share of ad revenue.

After buying Twitter, Musk fired top management and cut the workforce by an estimated 80%.

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Clerkson Aroni

Clerkson Aroni

Clerkson is a passionate writer and video creator who is fascinated by football, lifestyle, history, and sharing new discoveries. When he's not researching and writing compelling stories, he's behind the camera capturing informative videos for his audience. He welcomes story ideas and feedback from readers at cmotari@thesharpdaily.com

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