Social Network X plans to charge a “small monthly fee” for use. This was stated by the owner of the company, Elon Musk, in a conversation with Israeli Prime Minister Benjamin Netanyahu.
LIVE: Speaking with @elonmusk about how we can harness the opportunities and mitigate the risks of AI for the good of civilization. https://t.co/XiAQwOXzcP
— Benjamin Netanyahu — בנימין נתניהו (@netanyahu) September 18, 2023
The innovation is expected to solve the problem of a “huge army of bots” on the platform.
“If you have to pay a fraction of a cent or something like that for a bot, the effective cost of the bots becomes very high,” Musk explained.
The billionaire did not specify how much the new subscription would cost, but called it “a small amount of money.” The timing of the changes is also unknown.
During the call, Musk shared new metrics for X, noting that the site now has 550 million monthly users who generate 100 to 200 million posts daily. It is unclear whether news feeds and spammers are included in these statistics.
The number of X Premium subscribers is not disclosed, but according to some sources, it is 827,615 users.
Let’s remember that Elon Musk’s previous initiative to rid X of bots using a paid subscription for $8 per month did not bring significant results. A dappGambl study showed that about 10% of followers on popular cryptocurrency-themed accounts are still fake.
According to Dewey Square Group, with the arrival of a new CEO, the social network is experiencing user outflows every month. In March, the decrease in traffic on the social network was 7.7% compared to the same period last year.
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