March 23, 2023 | Eul Basa

An Ad-Free Version Of Twitter Is Coming, Says Elon Musk


Twitter CEO Elon Musk is seeking to roll out an ad-free version of the social media platform via a new, paid subscription option. In multiple Tweets sent out on Sunday, Musk explained the reason for the move as well as what to expect in terms of a timeline:

“Ads are too frequent on Twitter and too big. Taking steps to address both in the coming weeks," he said. "Also, there will be “a higher priced subscription that allows zero ads.”

The new, paid subscription option would join the existing Twitter Blue, which allows users to pay a fee in order to receive a verified blue checkmark on their profile. Currently, a Twitter Blue subscription costs $11 a month for mobile access and $8 a month for desktop access. Musk gave no details with regard to the pricing of the alternative.

twitter-292994_1280-1545250298159.jpgshutterstock

Since his takeover of Twitter in 2022, Musk has been falling out hard with advertisers who are concerned over his management of the social media platform. They are particularly concerned with his weak approach to content moderation, or lack thereof. Some reports have as many as 500 of Twitter’s top advertisers, including General Motors, Pfizer, and Chipotle, pulling their ads completely—a grave reality considering that Twitter earns almost 90 per cent of its revenue from digital advertisements.

In the meanwhile, the Financial Times has reported that Musk will make his first interest payment on the $13 billion loan he took out to close the $44 billion deal this month. This may contribute to even more financial strain on the company on top of the drop in advertisers. Overall, Musk's net worth has dropped a whopping $182 billion since the acquisition, which has earned the billionaire a Guinness World Record title.

It will be interesting to see how Musk’s ad-free version of Twitter will fare once it rolls out.

Source: 1, 2





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team