Twitter Launches First Paid Subscription Service

Micro-blogging platform, Twitter introduced on Thursday the launch of Twitter Blue, the corporate’s first subscription service designed for energy customers prepared to pay a month-to-month charge for unique options.

This is the corporate’s first try at a subscription enterprise mannequin and will diversify Twitter’s income streams.


Twitter Launches First Paid Subscription Service 2

According to the corporate’s first-quarter earnings report, promoting makes up greater than 86% of Twitter’s income.

Shares of Twitter had been up round 2% on Thursday morning.

The service is rolling out to customers in Canada and Australia respectively for $3.49 and $4.49 in native currencies per thirty days. The firm didn’t say when Twitter Blue will turn out to be obtainable for tweeps within the United States.

The social media firm set targets earlier this 12 months to speed up the pace at which it launches new merchandise.

It hopes to achieve 315 million monetisable every day lively customers by the top of 2023 and double its annual income to $7.5 billion by the top of 2023.

Twitter Blue customers will get an Undo Tweet characteristic that enables them to set a customisable timer of as much as 30 seconds to take again a tweet if it must be fastened. The characteristic is just not fairly an edit button, a characteristic typically requested by customers, however it’ll permit subscribers to preview what their tweets appear like and regulate them earlier than they’re revealed.

Other options embody the power to bookmark folders so customers can organise tweets they save; a Reader Mode that makes it simpler to learn lengthy threads; the choice to customise the Twitter app icons on their telephones; entry to color themes for the Twitter app and devoted buyer assist.

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Twitter Launches First Paid Subscription Service

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