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April 9: Elon Musk, Twitter Inc’s largest shareholder, urged a raft of adjustments to the social media big’s Twitter Blue premium subscription service, together with slashing its value, banning promoting and giving an choice to pay within the cryptocurrency dogecoin.
Musk, who disclosed a 9.2 per cent stake in Twitter simply days in the past, was supplied a seat on its board of administrators, a transfer which made some Twitter workers panic over the way forward for its capability to reasonable content material.
Twitter Blue, launched in June 2021, is Twitter’s first subscription service and gives “unique entry to premium options” on a month-to-month subscription foundation, Twitter says. It’s accessible in the US, Canada, Australia and New Zealand.
In a Twitter submit on Saturday, the top of electrical automobile maker Tesla Inc urged that customers who join Twitter Blue ought to pay considerably lower than the present $2.99 a month, and may get an authentication checkmark in addition to an choice to pay in native forex.
“Value ought to most likely be ~$2/month, however paid 12 months up entrance & account would not get checkmark for 60 days (look ahead to bank card chargebacks) & suspended with no refund if used for rip-off/spam,” Musk stated in a tweet.
“And no adverts,” Musk urged. “The ability of firms to dictate coverage is significantly enhanced if Twitter relies on promoting cash to outlive.”
Musk additionally proposed an choice to pay with dogecoin and requested Twitter customers for his or her views.
Twitter declined to touch upon the recommendations.
The corporate already lets individuals tip their favorite content material creators utilizing bitcoin. Twitter had stated final 12 months that it deliberate to help authentication for NFTs, or non-fungible tokens, that are digital belongings resembling photographs or movies that exist on a blockchain.