Twitter reportedly has only 180,000 U.S. subscribers to its Twitter Blue service which puts it well under Elon Musk's goal.
, only 180,000 Twitter users in the states were paying for a monthly Twitter Blue subscription by the middle of last month. That works out to about .2% of the social media site's monthly active users.
Twitter Blue costs $8 per month or $7 per month if you pay for an annual subscription. A subscription allows you to add a blue checkmark to your account and gives you early access to new features including the Edit Tweet feature that allows subscribers to edit a tweet after posting it. Those who sign up via Apple's App Store or the Google Play Store have to pay $11 per month or an extra $3 monthly to cover the 30%"tax" that both tech giants charge for in-app processing.
Another plan is for Musk to charge businesses $1,000 a month for a gold verification badge and an extra $50 per month for any accounts associated with the business. Considering that Twitter is paying out over $1 billion a year in annual interest costs to cover the loans that Musk took out to pay for his acquisition, a lot more Twitter users-individuals and businesses-will need to feel that it is worthwhile to lay out the money each month to become a paid subscriber.
If this becomes too difficult a task for Musk, he might feel compelled to pull the plug on his acquisition and put Twitter in bankruptcy after all.Get the most important news, reviews and deals in mobile tech delivered straight to your inbox
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