World’s richest man Elon Musk is suggesting major changes on the widely used social media and microblogging platform Twitter Inc. (TWTR) the changes include are mainly touching on Twitter’s Blue premium subscription service. The changes entail; reducing is subscription price, providing an option to pay in the cryptocurrency dogecoin and banning advertising.
Musk took on Twitter to propose users who sign up for Twitter Blue should pay significantly less than the current $2.99 monthly subscription fee, get an option to pay using local currency and they should also get a an authentication checkmark.
“Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for credit card chargebacks) & suspended with no refund if used for scam/spam. And no ads. The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive,” tweeted Musk.
These sentiments from Musk comes just days after the American billionaire bought 9.2% stake becoming the biggest shareholder in the company which automatically made him a member to the company’s board.
Twitter Blue was unveiled back in June 2021 going down as the company’s first subscription service offering exclusive access to premium features. Currently, the service is only available in Australia, New Zealand, Canada and the United States.