“Twitter launches its first subscription service”
June 3, 2021
“Twitter announced on Thursday the launch of Twitter Blue, the company’s first subscription service designed for power users willing to pay a monthly fee for exclusive features. It’s the company’s first attempt at a subscription business model and could diversify Twitter’s revenue streams. Advertising makes up more than 86% of Twitter’s revenue, according to its first-quarter earnings report.
The service is rolling out to users in Canada and Australia respectively for $3.49 and $4.49 in local currencies per month. The company did not say when Twitter Blue will become available for U.S. users…”
I’ll just be honest here. I don’t think this is a good thing. This has nothing to do with the service but I don’t see a very bright future for Twitter. Investors should be pulling out if they haven’t already.