Social media platform X, added two new subscription plans on October 28, in accordance to a submit by using Elon Musk, underlining the elements of the subscription.
One is a ‘Premium+’ tier priced at $16 per month and the other, is a ‘Basic’ tier costing $3 per month. These revised quotes goal to enhance the company’s subscription revenues.
The Premium+ tier gives customers the “largest reply boost” and eliminates advertisements from the ‘For You’ and ‘Following feeds.’ On the different hand, the “Basic” tier does no longer supply a blue checkmark however lets in customers to edit posts, publish longer textual content and videos, and gives a “small reply boost.”
The put up stated, “We’re additionally launching a new Basic tier for USD 3/month (when signing up by Web) that offers you get entry to to the most imperative Premium features.”
The Premium tier is additionally related with revenue-sharing and provides get entry to to creator tools. The Premium Plus graph builds on the current Premium aspects furnished via X such as a blue checkmark, tweet editing, longer posts and videos, encrypted direct messages and more, suggested The Verge.
However, the “Basic” design does no longer encompass verification with a checkmark and solely gives a “small boost” to replies. It does now not decrease the variety of commercials and does now not provide get entry to to X’s media studio.
New York Post mentioned that X is planning to bundle video and audio calling for some users, aiming to increase the platform into an ‘everything app.’
Elon Musk, due to the fact that obtaining X for $44 billion in October 2022, has been actively exploring a number of selections to monetise the social media platform. He brought new aspects like livestreaming, video and audio calls and pursuits to inculcate banking offerings as well.
The go to introduce these subscription plans is phase of Elon Musk’s X effort to monetise the platform. Previously customers in New Zealand and the Philippines had been required to pay $1 per 12 months for get entry to to X.
