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“Twitter launches its first subscription service”

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…”

https://www.cnbc.com/2021/06/03/twitter-blue-paid-subscription-service-launches-with-special-features.html

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.

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