Twitter has been stagnant for a while, with no real monetization plan in sight. But now, thanks to a tip from Elon Musk, it looks like developers and programmers around the world will finally have the Twitter product they’ve been waiting for.
Elon Musk Plans Video, Voice Chat, and Encrypted DM Features for ‘Twitter 2.0’
Technology updates say Twitter is working on a paid subscription service that would offer users additional features, according to people familiar with the company’s plans. The service, which is currently referred to internally as “Twitter 2.0,” is still in early development and may never launch, the sources cautioned.
If it does see the light of day, Twitter 2.0 would include features such as an improved interface, video and voice chat, and encrypted direct messages, according to the sources. It’s not clear how much the subscription would cost or when it would be available.
The move would mark a shift for Twitter, which has long been reluctant to add features that could deter its users from signing up for the free service. But with sluggish user growth and pressure to find new revenue streams, the company is apparently reconsidering its stance.
Twitter Declined to Comment on This Story – Technology Updates
Twitter has been testing a number of different revenue streams in recent months, including branded content and Promoted Tweets from businesses. The company is also reportedly mulling over a paid version of Tweetdeck, its popular power-user tool.
It’s not surprising that Twitter is exploring new ways to make money. The company has been under pressure from investors to find new sources of revenue amid slowing user growth. In its most recent earnings report, Twitter said it had 320 million monthly active users – just four million more than the previous quarter.
The Wall Street Journal Releases Details of New Twitter Strategy
According to the Wall Street Journal & technology updates, Twitter is working on a new plan to monetize its platform. The company is reportedly considering various options, including a subscription-based service that would offer exclusive content and features.
Twitter has been under pressure to find new ways to generate revenue, and this latest move could be a way to do just that. It remains to be seen how well it would be received by users, but if successful, it could provide a much-needed boost to the company’s bottom line.
No Preexisting Tweets Will Travel Over to the Future Platform
As part of Twitter’s new plan for the future, any preexisting tweets will not be transferred over to the new platform. This is an intentional decision by Twitter in order to monetize the platform moving forward.
Essentially, this means that users will have to start from scratch when tweeting on the new platform. While some may see this as a negative, it’s important to remember that Twitter wants to make money and this is one way they can do it. In the end, it’s up to the user to decide if they want to use the new platform or not.