Not content with trashing one treasured website this year, Elon Musk has turned his sights on another: Wikipedia, the crowdsourced encyclopedia founded in 1999 that has come to represent the very best of what the internet has to offer.
06.10.2023 - 07:39 / tech.hindustantimes.com / Linda Yaccarino / Elon Musk
X (formerly Twitter) has begun testing three different tiers of its proposed premium subscription. The information came from the company CEO Linda Yaccarino in a meeting with debt holders as she updated the bankers about the finances and revenue of X, as per a report. It was also highlighted that the testing was done to increase the revenue collection from the subscription funnel. Additionally, X also stated during the meeting that the advertisers are returning back to the platform, although with smaller budgets.
According to a report by Bloomberg, the current premium subscription that costs $7.99 will be split into three different tiers, namely, Basic, Standard and Plus, as conveyed by a source that attended the event. The main aim of this move is to woo those users who were perhaps pushed away by the high subscription fee but might pay if the price is lowered.
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As per the report, Yaccarino provided an overall positive assessment of the company since she took the seat in June. She mentioned that revenue is consistently increasing by a significant single-digit percentage from one quarter to the next in advertising, data licensing, and subscription verticals.
While the fee for each of the tiers is not known, it is believed that the $7.99 will likely be the ceiling of the subscription fee and will be bundled in the Plus tier. The Basic and Standard variants are expected to be more affordable options.
As such, Basic and Standard are also unlikely to give users the full range of features that are provided for X Blue subscribers at the moment, and they might just get a few of the perks that come with being a paid member of the platform. It is not clear whether the blue checkmark will be added to any of the lower-priced subscriptions or not. Being a highly sought-after feature, its presence in the lower tiers could bring even more people under the subscription umbrella, however, not adding it could also improve the exclusivity of the checkmark.
While X is having a good time with advertisers and new subscription plans, Musk is facing a tough time after The US Securities and Exchange Commission (SEC) sued Elon Musk in federal court in San Francisco after he refused to testify in the agency's probe into his purchase of Twitter in 2022.
The SEC investigation pertains to whether Musk breached securities laws concerning his acquisition of Twitter stock last year and his statements and regulatory filings concerning the social media company. This information was disclosed in a filing on Thursday. In the same filing, the SEC noted that Musk did not attend the scheduled testimony in San Francisco last month.
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Not content with trashing one treasured website this year, Elon Musk has turned his sights on another: Wikipedia, the crowdsourced encyclopedia founded in 1999 that has come to represent the very best of what the internet has to offer.
Twitter has been teasing, testing, and launching different subscription tiers since Elon Musk took over the company last year, but he's not done yet.
For weeks, it has been known that X (formerly Twitter) would introduce multiple tiers as part of its subscription known as X Premium. It is just one of the several changes that the microblogging platform has undergone since Elon Musk's acquisition. Although the majority of Musk's moves have been called draconian by users, the Tesla and SpaceX CEO has not shied away from enforcing them, with the aim of making X a super app that competes with China's WeChat. In the latest announcement, Musk has now revealed that the tiers of the X Premium subscription could be coming soon.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Twitter owner Elon Musk has come up with a bold new plan to rid the platform of bots and attract legitimate new users: Charging new subscribers $1 per year for access.
Once you've finished screaming, let me re-emphasise that this story is one of those "according to report" stories. It comes from unnamed sources at Activision-Blizzard, describing a recent all-hands meeting during which CEO Bobby Kotick laid out his vision for the company and gaming at large following Activison's acquisition by Microsoft, which is tipped to finally conclude this week. Amongst other things, Kotick allegedly discussed machine learning, Guitar Hero and the apocalyptic power of Microsoft R&D. Activision hired James Corden to host the meeting, the sources claim. It sounds like a David Lynch fever dream.
Bobby Kotick was reportedly reminiscing during a recent all-hands meeting and also looking to the future.
The Securities and Exchange Commission is investigating how Twitter Inc. managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year. The agency has been scrutinizing whether the former top executives failed to adequately disclose those privacy issues to shareholders or put in place proper controls, according to people familiar with the matter who asked not to be identified discussing a confidential investigation. A bug on the social media platform had let outsiders view user email addresses during password resets, which revealed the identity of users, said one of the people.
X (formerly Twitter) has now added a new feature, which is being deemed controversial by a section of the users. The Elon Musk-owned social media platform now lets users restrict the replies to a post to only those who are verified by X, meaning they have the $7.99 monthly subscription. At the moment, X has not made it the default option, and ‘everyone can reply' is still set as default unless the user changes it. Some users are calling this feature a ‘paywall' to reply to posts, something which is considered a basic feature for social media platforms.
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Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla, space startup SpaceX and brain-chip startup Neuralink.
A new survey has revealed some shocking information about employee approvals for their CEOs in the tech space. According to its results, 83 percent of the employees approve of the work Tim Cook is doing as the CEO of Apple. On the other hand, X chief Linda Yaccarino found herself among the lowest-ranked tech CEOs with an approval rating of just 4 percent. That means, only four out of one hundred employees thought of her work as the head of the company as significant or to have a positive impact.