Elon Musk plans to introduce a monthly fee for all X users, signaling the end of free access to the social media platform.
The’small change’ that Elon Musk is currently requesting from all X users is catching up with social media sites.
In a livestream conversation with Israeli Prime Minister Benjamin Netanyahu, Elon Musk proposed that it might be time to develop a free website within X to solve the issue of online bots on platforms.
On Monday, Musk casually remarked, “One way to tackle the problem of the extensive army of bots is this.” The billionaire couple stated that because a bot just spends a tiny fraction of a cent on each post – and it only costs them about one tenth of a cent – but that adds up, if they had to pay ten cents or even more each post, the impact of the bots would be considerably decreased.
Musk first proposed the idea of charging each X user for each post last year, so it is not a novel concept. In order to customize their articles, see fewer advertising, make lengthier messages, and give priority to ranks in searches, posts, and conversations, the company presently charges its X Premium users $8 per month.
In the course of the conversation, Musk revealed to Netanyahu that X now has 550 million monthly users and that 100–200 million new posts are made every day. How many active paying users X presently has was not disclosed by Musk. There were 229 million mDAUs (monetizable daily active users) on Twitter in the first quarter of 2022.
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