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Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake -Breaking

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© Reuters. FILE PHOTO Elon Musse attends the grand opening of Tesla Gigafactory, a new factory for electric vehicles in Gruenheide. March 22, 2022. Patrick Pleul/Pool via REUTERS/File photo

(Reuters) – Elon Musk, Twitter Inc (NYSE)’s largest shareholder suggested on Saturday that a number of modifications be made to Twitter Blue’s premium subscription service. These included lowering its price, banging advertising, and offering the possibility to pay with cryptocurrency dogecoin.

Musk disclosed that he owned 9.2% of Twitter days ago. He was then offered a place on the board. This move caused panic among some Twitter workers about its future ability to manage content.

Twitter Blue is Twitter’s first subscription service. The company launched it in June 2021. You can access it in New Zealand, the United States and Canada.

A tweet by Tesla Inc’s head of electric vehicle manufacturing suggested that Twitter Blue users should be paying significantly less than current prices (currently $2.99/month) and get an authentication mark as well as the ability to pay in local currency.

“Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for credit card chargebacks) & suspended with no refund if used for scam/spam,” Musk said in a tweet.

Musk said, “And no advertisements.” Musk suggested that Twitter’s survival depends on the advertising revenue it receives. This would increase their power to dictate corporate policy.

Musk suggested that you could also pay using dogecoin, and asked users on Twitter for their opinions.

Twitter did not respond to Musk’s suggestion.

Twitter already allows users to tip their preferred content creators via bitcoin. Twitter announced last year that authentication for non-fungible tokens (NFTs), would be possible. NFTs are digital assets, such as videos or images, that exist on a Blockchain.

Musk created a Twitter poll asking “if anyone shows up (to go to work at the San Francisco headquarters”) whether it should be made into a homeless shelter. In less than an hour, the poll received more than 300,000 votes, 90% of which answered yes.

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