Elon Musk proposed making X paid for all users
Date: 2023-09-19 Author: Karina Ziganova Categories: BUSINESS
The innovation is expected to solve the problem of a “huge army of bots” on the platform.
“If you have to pay a fraction of a cent or something like that for a bot, the effective cost of the bots becomes very high,” Musk explained.
The billionaire did not specify the cost of the new subscription, but said that it was “a small amount of money.” The effective date of the changes is also unknown.
During the call, Musk shared new metrics for X, noting that the site now has 550 million monthly users who generate 100 to 200 million posts daily. It is also unclear whether news feeds and spammers are included in these statistics.
To date, the number of X Premium subscribers has not been disclosed, but according to some sources it is 827,615 users.
Elon Musk's initial initiative to rid X of bots with an $8/month paid subscription was unsuccessful. A dappGambl study showed that about 10% of followers on popular cryptocurrency-themed accounts are still fake.
According to Dewey Square Group, with the arrival of a new CEO, the social network is experiencing user outflows every month. In March, the decrease in traffic on the social network was 7.7% compared to the same period last year.
