Twitter Subscription Archives - Tech Digest News https://techdigest.ng/tag/twitter-subscription/ - Latest Nigeria Tech News Today Fri, 31 Mar 2023 09:35:50 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://techdigest.ng/wp-content/uploads/2024/12/cropped-techdigest-featured-image-32x32.jpg Twitter Subscription Archives - Tech Digest News https://techdigest.ng/tag/twitter-subscription/ 32 32 197179539 Twitter Verification for Nigerian Businesses Comes with a  Huge Monthly Fee https://techdigest.ng/twitter-verification-for-niger/ Fri, 31 Mar 2023 09:35:50 +0000 https://techdigest.ng/?p=76996 Twitter Verification for Nigerian Businesses Comes with a  Huge Monthly Fee TECHDIGEST– Twitter, the popular social networking site, has announced that it will no longer offer the legacy verified badge, commonly known as the blue tick, to accounts for free. This move is aimed at boosting the sales of its Twitter Blue subscription service. The […]

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Twitter Verification for Nigerian Businesses Comes with a  Huge Monthly Fee
TECHDIGEST– Twitter, the popular social networking site, has announced that it will no longer offer the legacy verified badge, commonly known as the blue tick, to accounts for free. This move is aimed at boosting the sales of its Twitter Blue subscription service.
The company, which was acquired by billionaire entrepreneur Elon Musk last year, is seeking to increase its revenue and user base, and the introduction of Twitter Blue was one of its major updates.

 

Twitter Blue is a subscription service that includes several features that users have been requesting, including long-form tweets and the ability to undo or edit tweets. To make the subscription more attractive, Musk announced that it would also include the blue tick verification badge, which previously was only given to accounts that met certain criteria, such as being a public figure, celebrity, or brand.

Starting April 1, 2023, users who want to obtain the verified badge will have to pay a monthly fee in addition to providing their mobile phone number. The cost of the subscription varies from country to country, with businesses and organizations in Nigeria expected to pay N460,500 every month. Additionally, organizations will have to pay an extra N23,030 monthly fee for each individual or business affiliated with them to get verified.

The move to charge for the verified badge is part of Musk’s aggressive push to recoup the $44 billion he invested in acquiring Twitter last year. While Twitter Blue was initially rolled out for individuals, the verification for businesses, which comes with a gold badge, will be available globally starting March 31, 2023.

Twitter has indicated that the prices for the verified badge are subject to change. The company is hoping that this move will encourage more users to sign up for its subscription service, which will generate additional revenue for the company. With the introduction of these changes, Twitter is poised to usher in a new era of social networking, one in which users will have to pay for premium features and services.

Source: TWITTER

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]]> 76996 Twitter considers subscription option as revenue drops https://techdigest.ng/twitter-considers-subscription-option/ Thu, 23 Jul 2020 19:15:23 +0000 https://newsdigest.ng/?p=64609 Twitter considers subscription option as revenue drops NEWS DIGEST – Twitter is exploring extra ways to make money from its users, including by considering a subscription model, CEO Jack Dorsey said Thursday. The move comes as Twitter suffers a sharp decline in its core advertising business, according to CNN. “You will likely see some tests […]

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NEWS DIGEST – Twitter is exploring extra ways to make money from its users, including by considering a subscription model, CEO Jack Dorsey said Thursday.

The move comes as Twitter suffers a sharp decline in its core advertising business, according to CNN.

“You will likely see some tests this year” of various approaches, Dorsey told analysts on an investor call held to discuss the company’s second-quarter earnings results.

Dorsey said he has “a really high bar for when we would ask consumers to pay for aspects of Twitter,” but confirmed that the company is seeking to diversify its sources of revenue in what are “very, very early phases of exploring.”

Earlier this month, rumors flared about a paid Twitter option after the company posted a job opening focused on building a subscription platform codenamed “Gryphon.” Twitter’s stock surged at the time, signaling investor appetite for the company to find new revenue streams.

Shares of Twitter rose 4% in early trading Thursday following the earnings results.

Like its rival social networks, Twitter has focused on offering a free service and making money by allowing brands to target ads to its millions of users.

“We want to make sure any new line of revenue is complementary to our advertising business,” Dorsey said. “We do think there is a world where subscription is complementary, where commerce is complementary, were helping people manage paywalls … we think is complementary.”

Twitter’s growth plans are under close scrutiny as many advertisers pull back due to the pandemic. On Thursday, Twitter reported second-quarter ad revenues of $562 million, a 23% decrease compared to the same quarter a year ago.

The company has also been hit by advertisers participating in an ad boycott of social media, linked to the nationwide racial justice protests. But Twitter executives declined to say how much of an impact the boycott has had on Twitter’s business.

Twitter’s earnings report follows what Dorsey described as a “tough week” in which the company scrambled to address a massive hack that compromised numerous verified accounts, including those of Barack Obama, Joe Biden, Elon Musk and Jeff Bezos.

On the eve of its earnings results, Twitter announced that dozens of accounts – including one elected official in The Netherlands – may have had their direct messages accessed by hackers as part of the security incident.

Dorsey apologized on the conference call Thursday for last week’s massive security breach, saying “we fell behind” on the company’s security obligations.

“We feel terrible about the security incident,” he said. “Security doesn’t have an end point. It’s a constant iteration … We will continue to go above and beyond here as we continue to secure our systems and as we continue to work with external firms and law enforcement.”

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