On Friday, October 27, Elon Musk’s social media platform, X (previously Twitter), launched two new subscription plans.
One of many additions is a Premium+ tier for the platform customers preferring to pay for an ad-free engagement. The brand new improvement got here as a part of Musk’s plan to monetize the X platform.
X Provides Two Premium Subscription Plans To Platform
In accordance with an official announcement from the X social media platform, the launch of the brand new additions is deemed an important Premium characteristic for customers.
we’re additionally launching a brand new Fundamental tier for $3/month (when signing up by way of Net) that offers you entry to probably the most important Premium options
— Premium (@premium) October 27, 2023
The primary characteristic is the Premium+ tier, which supplies customers the most important reply enhance on the platform. It brings in all of the options and instruments obtainable on the platform however eliminates adverts from the customers’ “For You” and “Following Feeds.” customers can get the Premium+ tier at a subscription value of $16 per 30 days.
Nonetheless, the corporate acknowledged that customers can solely entry the Premium+ tier by way of an online browser at the moment. Notably, the Premium tier comes together with revenue-sharing and entry to creator instruments for customers.
Nonetheless, the Premium Plus plan enhances the present Premium options obtainable on the X platform.
These embrace the supply of a blue checkmark, direct message encryption, tweet enhancing, longer movies and posts, and others. The second premium addition is the Fundamental tier, which is priced at $3 per 30 days however not ad-free. It allows customers to put up longer movies and textual content, edit posts, and supply a “small reply enhance.”
In its message, X firm acknowledged:
We’re additionally launching a brand new Fundamental tier for USD 3/month (when signing up by way of Net) that offers you entry to the important Premium options.
The Fundamental plan doesn’t embrace verification with a checkmark however moderately gives a small enhance to replies. Additionally, it doesn’t restrict the variety of adverts nor present entry to X’s media studio.
X Marks One Yr Of Musk’s Acquisition
The X Platform has marked its one-year celebration following Elon Musk’s acquisition of the social media platform. Notably, in October 2022, Musk took over the possession of former Twitter for $44 billion.
Because the alternate of possession, the billionaire has been in search of totally different measures to monetize the platform. Musk included some new options on the platform, like livestreaming, audio and video calls, and others.
okay everybody get able to pop the champagne as a result of in the present day marks 1 yr in 🪩🍾
during the last 12 months, we shipped 100+ options in complete, most of which we’ve in-built public and with a good suggestions loop, providing you with all the possibility to weigh in, counsel concepts and assist us…— X (@X) October 26, 2023
Whereas reiterating the corporate’s objectives, X’s official put up for its celebration famous that the agency targets to turn out to be the most effective and most pleasing platform for customers.
Whereas itemizing its visions, the corporate revealed;
maximizing prosperity for content material creators, enabling higher/extra genuine conversations, and providing you with extra instruments to precise your self.
Additionally, X famous that it introduced in additional than 100 new options over the previous 12 months, most of that are “built-in public and with a good suggestions loop.” Just lately, Musk has been working towards together with banking companies on the X social media platform.
The present launch of the X’s two subscription plans is a part of Musk’s technique of monetizing the platform. Already, X customers in New Zealand and the Philippines are anticipated to pay $1 as a yearly entry charge on X.