Twitter launches its first subscription service
Posted on AllSides June 3rd, 2021
From The Center
Twitter announced on Thursday the launch of Twitter Blue, the company’s first subscription service designed for power users willing to pay a monthly fee for exclusive features.
It’s the company’s first attempt at a subscription business model and could diversify Twitter’s revenue streams. Advertising makes up more than 86% of Twitter’s revenue, according to its first-quarter earnings report.
Shares of Twitter were up about 2.3% on Thursday morning.
The service is rolling out to users in Canada and Australia respectively for $3.49 and $4.49 in local currencies per month. The company did...
Some content from this outlet may be limited or behind a paywall.
