Tuesday, December 24, 2024
Home Business Elon Musk’s X hikes up price for premium plus plan to boost creator payments

Elon Musk’s X hikes up price for premium plus plan to boost creator payments

by
0 comment

Dec 23, 2024 07:25 PM IST

Their top-tier plan has increased from $16 to $22 per month in the United States. Prices for the basic and premium subscriptions remain unchanged at $3 and $8

Elon Musk-owned social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments, reported Reuters.

X, formerly Twitter, has increased the price of its premium plus subscription (EVARISTO SA/AFP)
X, formerly Twitter, has increased the price of its premium plus subscription (EVARISTO SA/AFP)

Also Read: Sam Altman lambasts Elon Musk as ‘Bully’, reveals why he has ‘issues’ with OpenAI

Their top-tier plan has increased from $16 to $22 per month in the United States, reported Reuters citing a blog post. Prices for the basic and premium subscriptions remain unchanged at $3 and $8, respectively.

The top-tier plan is now priced at $22 per month in the U.S., up from $16, according to a blog post.

Also Read: Mark Cuban claps back at Elon Musk by investigating X owner’s AfD comments with AI Chatbot

In October, X adjusted its revenue-sharing model to ensure subscription fees directly contribute to creator payments, with compensation based on content quality and engagement rather than just ad views.

The revised pricing model applies to new subscribers, while existing members can access the old rates until January 20.

Also Read: Assassination threat to Elon Musk? Social media users flag ‘he’s a CEO’ warning

Premium-plus subscribers are offered features such as ad-free browsing, expanded access to the Grok AI chatbot and Radar, which offers real-time analytics on emerging trends through keyword tracking.

Before Musk rebranded the platform, X (formerly known as Twitter) largely relied on advertising for its revenue. Subscriptions are a key part of Elon Musk’s plan to drive growth at the company.

In April 2022, Musk made an offer to buy Twitter for $44 billion after acquiring a stake in the company. He finally completed the purchase in October 2022 and rebranded the company as X Corp. in April 2023.

Musk, who is also the CEO of Tesla, SpaceX, Neuralink, became the first person in history to have a net worth of $500 billion, according to the Bloomberg Billionaires Index.

Stay updated with the…

See more

You may also like

Leave a Comment

About Us

Welcome to Janashakti.News, your trusted source for breaking news, insightful analysis, and captivating stories from around the globe. Whether you’re seeking updates on politics, technology, sports, entertainment, or beyond, we deliver timely and reliable coverage to keep you informed and engaged.

@2024 – All Right Reserved – Janashakti.news