Elon Musk, the biggest shareholder of Twitter Inc, on Saturday suggested a series of changes to the social media giant’s premium subscription service Twitter Blue, including lowering its price, banning advertising and offering a dogecoin cryptocurrency payment option.
Musk, who disclosed a 9.2% stake in Twitter just days ago, has been offered a seat on its board, a move that has some Twitter employees freaking out over the future of its ability to moderate content.
Twitter Blue, launched in June 2021, is Twitter’s first subscription service and offers “exclusive access to premium features” on a monthly subscription basis, Twitter says. It is available in the United States, Canada, Australia, and New Zealand.
In a post on Twitter, the head of electric vehicle maker Tesla Inc suggested that users who sign up for Twitter Blue should pay significantly less than the current $2.99 per month and should get an authentication tick as well as local currency payment option.
“The price should probably be around $2/month, but paid 12 months in advance and the account will be unchecked for 60 days (watch for credit card chargebacks) and suspended without refund if used for scam/spam,” Musk said in a tweet.
“And no ads,” Musk suggested. “The power of corporations to dictate policy is greatly increased if Twitter depends on advertising dollars to survive.”
Musk also offered a payment option with dogecoin and asked Twitter users for their thoughts.
Twitter declined to comment on Musk’s suggestions.
The company already allows people to tip their favorite content creators using bitcoin. Twitter said last year that it planned to support authentication for NFTs, or non-fungible tokens, which are digital assets such as images or videos that exist on a blockchain.
Musk also launched a poll on his Twitter account – which has more than 81 million followers – asking if the company’s headquarters in San Francisco should be converted into a homeless shelter because “nobody shows up (for work there)”. The poll got more than 300,000 votes in one hour, with 90% answering yes.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)