Twitter releases the first subscription service Twitter Blue, which can withdraw tweets « Naijatechnews

Twitter releases the first subscription service Twitter Blue, which can withdraw tweets


Twitter today released the company’s first subscription service “Twitter Blue”, aimed at helping the company achieve revenue diversification.


Twitter releases the first subscription service Twitter Blue, which can withdraw tweets
Twitter Blue

This is Twitter’s first attempt at a subscription business model, and it is expected to help Twitter achieve diversification of revenue sources. According to the financial report for the first quarter of this year, the advertising business accounted for more than 86% of Twitter’s total revenue. Affected by this, Twitter’s stock price rose 2.3% in early trading today.

This service will be launched to users in Canada and Australia, in local currency, at 3.49 US dollars and 4.49 US dollars per month. Twitter did not disclose when Twitter Blue will be available to US users.

Earlier this year, Twitter set a goal to accelerate the launch of new products. By the end of 2023, Twitter hopes that the number of monetizable daily active users will reach 315 million; by the end of 2023, it will double its annual revenue to US$7.5 billion.

Twitter Blue will give users the “Undo Tweet” feature, allowing them to set a customizable timer of up to 30 seconds to withdraw the tweet when they need to modify the tweet.

Other features include: bookmarking folders so that users can organize their saved tweets; reader mode to make it easier to read a range of content; customizing the Twitter application icon on the phone; accessing the colors of the Twitter application Theme; unique customer support.

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