Paid subscription statement from Twitter CEO Dorsey
Paid subscription statement from Twitter CEO Dorsey – Twitter, a free platform like many of its competitors, recently took the first step towards a paid subscription model.
The announcement came from Jack Dorsey, the company’s chief executive, about the paid subscription. Dorsay said they will try several different paid subscription models by the end of the year.
Jack Dorsey, founder, and CEO of the microblogging site Twitter has made the announcement on the highly anticipated paid subscription model.
The company’s CEO, Dorsey, whose advertising revenues have dropped significantly, said they were focusing on several different models.
Although Dorsey declined to elaborate on the models, he said they would conduct several trials on different subscription models by the end of the year.
In spite of its tens of millions of active users, Twitter was unable to satisfy its investors when it came to providing revenue, and once again tried the paid subscription model.
The social media platform has set up a new department to move to this model, CNN International reported.
Twitter, which also publishes job ads within the scope of this project called ‘Gryphon’, said it was looking for colleagues to work in its New York office and work on the subscription platform.
In a statement after US media reports, a Twitter spokesman said the job announcement did not mean that the new feature would be integrated into the platform.
But this isn’t the first study Twitter has launched to add the paid subscription option to the platform.
Twitter had tested its subscription model in 2017 to increase access to users ‘and small businesses’ tweets.
Within the scope of this project, it was planned that for a fee of $ 99 per month, the shares of paid members would be allowed to be seen by people who did not follow the account in question.
But Twitter had decided to shelve the project after its survey of the issue.