Despite the latest changes made by billionaire Elon Musk on platform X (formerly Twitter), he aims for even more. The owner of the social network may be planning to implement a monthly fee to pay users for using the site.
Even with Twitter's great success since its launch in 2006, the company currently faces several problems.
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The difficulties that have caused the social network's revenue to fall may be related to decisions taken by the billionaire, such as paying for the verification seal, changing the name of the network and removing its logo, the little blue bird.
However, even after several failed attempts to modify the network and bring new features, Musk he continues to insist on drastic changes.
Charging the monthly fee is already a subject that had been discussed previously, but in recent days it has gained strength and has been mentioned again by the businessman.
Reasons to implement billing
According to the businessman, introducing a monthly fee for using platform X would be one of the only ways to combat bots. With the need for payment, accounts handled by robots would fall.
However, the idea has not pleased the platform's users, who have already been disappointed with the latest changes made by the billionaire.
Even so, no further details have yet been revealed about what the amount would be or how such a charge would work.
(Image: disclosure)
Since purchasing the Twitter per Musk, the site's revenue fell by more than 50%. Due to changes made to the platform, several companies have avoided making direct advertisements on the social network.
Currently, X's revenue comes entirely from these ads, and with users' resistance to the changes made, companies are discouraged from publishing ads.
Thus, the use of the network has fallen and many people have migrated to the page of its Meta competitor, Threads.
What should the proposed charge be called?
According to Elon Musk's idea, the new feature would be called “X Premium”, originally known as “Twitter Blue”, before changing the name of the social network.
The new feature should provide subscribers with exclusive benefits, however, membership has been far below what the billionaire expected.
In this way, we see that, despite the success of his other companies, such as Tesla and SpaceX, Musk has caused a stir among X users.
As said, details about the possible signature that should reach the platform are still unknown. We only know that the idea has not pleased users and could cause a significant drop in the social network's revenue.