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Twitter, Inc‘s TWTR premium Blue offering, which was launched in 2021, is going to be more expensive, according to screenshots of emails shared by subscribers to the service.
What Happened: Twitter Blue subscription price has been increased to $4.99 per month from $2.99 per month in the U.S., while in Canada, New Zealand, and Australia, the price has been raised to C$6.49, NZ$6.99, and A$6.99, respectively.
The price increase takes effect immediately for new subscribers. Existing customers can avail of the service at the old price until October before the hike kicks in.
“This change helps us continue to build some of the new features you’ve been asking for, improve upon the current ones you already love, and sustain our mission of supporting journalism,” Twitter said.
Upcoming features on Twitter Blue include a more frictionless reading experience, the company said.
Twitter Blue, available for in-app purchases on Twitter for iOS and Android or on Twitter.com using Stripe, provides exclusive access to premium features such as undoing tweets. It isn’t currently ad-free, although it offers such an experience on the websites of select publishers on its network.
Related Link: Snap, Twitter Lead Social Media Stocks Lower Following Disappointing Q2 Earnings
Move Receives Flak: The action elicited a strong reaction among Twitter users. Tesla, Inc. TSLA influencer Sawyer Merritt termed it ridiculous to “just be able to customize your nav bar, read some ad free articles and upload 1080p 10 minute vids.”
Hunter Walk, the co-founder of venture capital fund Homebrew, said he would pay the revised price but not before turning off ads and “What’s Happening” trends.
Twitter Blue price increase to $4.99. I’ll pay it but let me turn off ads and What’s Happening trends…. pic.twitter.com/vKwTEYfKY4
— �💻� (@hunterwalk) July 29, 2022
Several users threatened to cancel their Twitter Blue subscription.
Twitter has been caught in a quagmire over its proposed acquisition by Elon Musk, who has walked away from the $44-billion deal, citing a discrepancy in measuring spam account count. Twitter and Musk are now locked in a legal battle over the deal.
Price Action: Twitter shares closed Thursday’s session 2.61% higher at $40.81, according to Benzinga Pro Data.
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Image and article originally from www.benzinga.com. Read the original article here.