Twitter To Offer More Paid Services

Well, Twitter is now in the hands of Elon Musk. He claims his authority on Twitter, which was bought by him last week. Now Twitter runs the way Musk wants it to.

The world’s richest person has slashed half of the 7,500 workforce commenting ‘unfortunately there is no choice when the company is losing over $4M/day’.

CEO has already fired previous chief executive officer Parag Agrawal, chief financial officer Ned Segal, head of legal Vijaya Gadde and general counsel Sean Edgett.

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According to New York Times, Musk and his close advisers have roped in product teams to come up with ideas on how to quickly bring in money. This comes as he has his eyes laid on earning advertising.

Now Twitter brings three possible services for the users which they have to pay for availing them.

Twitter Paid Services

Paid Verification

Twitter has more than four lakh verified accounts. Musk’s paid verification service is set to roll out on November 7. The users are being asked to pay $8 a month to get blue ticks next to their usernames. The 51-year-old billionaire has cleared the clouds about this plan. He said it won’t change despite name-calling by critics of the scheme on social media.

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As per the documents accessed by NYT , the service will start in the United States, Canada, Australia and New Zealand on November 7. Also the users subscribing to this service will not require identity proof to get authenticated.

The documents has even detailed plans for the government accounts which will keep their verified badge without paying.

Paid Direct Messages

As per the report, a Twitter product team is working on a paid direct messaging project. It focusses on high-profile users. Through this paid service, the users can send private DMs to their favourite celebrities by paying a fee. It will be as little as a few dollars per message.

The people who are familiar with the matter have suggested that the paid direct messaging plan is fluid. Also there is no guarantee that the product will launch.

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Paid Videos

Now this paid service will offer videos. According to this plan, Twitter may ask the users to pay to watch a video. This is a part of its efforts to share revenue with the creators to post the content.