Submitted by BandicootKind705 t3_ykvy5x in Futurology
Is it likely Twitter is eventually going to be a paid service for everyone, at a price-point much less than $8?
Currently there are about 300K verified accounts on Twitter. The $8 fee would bring in a paltry 2.4million dollars every month - pocket change for a company with a 5 billion dollar annual revenue. So is the charge levied so eventually millions of people will buy the blue check mark for $8 a month - who would pay such a sum for a service like Twitter? I don't think that's the game here.
Elon's number 1 concern with Twitter has been to first make it free of spams and bots. But it doesnt make sense to charge money to blue check accounts if the aim is to reduce the number of spam accounts - the bot problem has never been with blue check accounts, which are more or less regulated in the public eye.
Well, perhaps the $8 charge is not supposed to bring in revenue, nor do away with the bot problem right now. Perhaps, all it is supposed to do at the moment is create the idea first among the general public that Twitter is going to be a paid service. For everyone. Obviously the charge for the general public later will not be $8. It will have to be much, much less, to the tune of a dollar per month or even less. After a section of Twitter has been paying $8 for a while, it will not seem too much for most of us to shell out a dollar a month. It will seem fair. So instead of making everyone pay at once at different tiers (which many wouldn't because right now it is given that Twitter is, and supposed to be, free), make it gradual.
Charging everyone a minimum sub fee will help with the bot problem significantly, as one would have to shell out thousands or millions of dollar every month to keep spam operations going. It will also generate significant revenue for Twitter - if at least 250 million of Twitter's 450 million accounts currently are real, and at least a 100 million accounts stay after the subscription modality is introduced - that is still a 100 million dollars a month of clean revenue. That money can be used to pay content creators, and will pay for the regulation of spam accounts or actual hate speech, even more.
A win-win on both ends. Not sure if this is exactly what will happen, but speculative business non fiction is a fun genre!
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