Billionaire Elon Musk promotes Twitter Blue subscriptions and dogecoin payments just days after becoming the company’s largest stakeholder.
Elon Musk, Twitter’s major shareholder, has proposed a set of changes to the company’s premium subscription service, including reducing the price, banning advertising, and enabling users to pay in the cryptocurrency dogecoin.
Following his recent disclosure of a 9.2% investment in Twitter, the billionaire CEO of Tesla and SpaceX was offered a position on its board of directors.
Some Twitter employees were concerned about the platform’s future and ability to moderate content as a result of the change.
Twitter Blue, which launched in June 2021, is the company’s first subscription service, providing “exclusive access to premium services” on a monthly basis, according to Twitter.
In the United States, Canada, Australia, and New Zealand, it is available.
Musk said in a Twitter post that users who sign up for Twitter Blue should pay far less than the current $2.99 (€2.75) per month, and that they should receive an authentication checkmark as well as the option to pay in local currency.
Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam
— Elon Musk (@elonmusk) April 10, 2022
“And no ads,” Musk suggested. “The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive”.
Musk also proposed an option to pay with dogecoin and asked Twitter users for their views.
Twitter declined to comment on Musk’s suggestions.
The company already lets people tip their favourite content creators using bitcoin.
Twitter had said last year that it planned to support authentication for NFTs, or non-fungible tokens, which are digital assets such as images or videos that exist on a blockchain.
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