Tue 19 September 2023:
Elon Musk has said that X, previously known as Twitter, is moving to introduce a “small monthly payment” for users of the social media platform in a bid to “combat vast armies of bots.”
In a conversation with Israeli Prime Minister Benjamin Netanyahu on Monday broadcast live on X at the Tesla factory in Fremont, California, Musk explained his solution to avoid bots on the platform.
“A bot costs a fraction of a penny, call it a tenth of a penny. But if somebody even has to pay a few dollars or something, some minor amount, the effective cost to bots is very high,” he said.
Musk stressed that the X has 550 million monthly users and sees 100 million to 200 million posts per day excluding reposts.
Twitter’s blue tick, now called X Premium, currently costs $8 per month in the US.
The company currently charges $8 per month from its X Premium users, that gives them an ability to edit posts, see less ads, write longer posts and prioritised rankings in search and conversations.
During the interaction, Musk said that X now now 550 million monthly users, generating 100-200 million posts every day.
Musk did not disclose how many paid subscribers it currently has.
During its last public earnings in Q1 2022, Twitter had mentioned 229 million mDAUs (monetizable daily active user).
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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