Elon Musk to sell vintage X handles for up to $50k.
Elon Musk’s Bold Plan to Monetize X: Selling Old Handles
Elon Musk, the visionary behind X (formerly known as Twitter), is exploring an innovative way to generate revenue for the social media platform. He is considering selling off old handles that have fallen into disuse, according to verified emails obtained by Forbes.
One of these coveted handles was priced at a staggering $50,000, as revealed in the emails exchanged between X employees.
A New Strategy Unveiled
When an X user remains inactive for a month, their account is deemed inactive and becomes vulnerable to removal or potential purchase. This recent development follows Musk’s introduction of a paid verification process, which grants users extended post lengths, editing capabilities, reduced ads, and higher rankings in conversations.
While these subscription-based services aim to boost revenue for the platform, CEO Linda Yaccarino has confirmed a positive trend in advertiser return rates since the summer. In fact, 90 out of X’s top 100 advertisers from 2022 have already come back, with a total of 1,700 advertisers returning in the last quarter alone.
Despite these changes, X still boasts an impressive user base, with over 500 million monthly active users and 1.5 million daily sign-ups. Users spend a staggering 7.8 billion minutes on the platform every day.
October marked the one-year anniversary of Musk’s takeover of X, and it seems he is determined to revolutionize the platform’s revenue streams.
Click here to read more from The Washington Examiner.
Will I have to pay for X?
X Premium is an opt-in, paid subscription that offers additional features* to improve your experience on X. X Premium has three tiers: Basic, Premium, and Premium+, with more features available in each tier. Subscribe now with localized pricing starting at $3/month or $32/year on Web in available countries. Elon Musk, the visionary behind X (formerly known as Twitter), is exploring an innovative way to generate revenue for the social media platform. He is considering selling off old handles that have fallen into disuse, according to verified emails obtained by Forbes.
One of these coveted handles was priced at a staggering $50,000, as revealed in the emails exchanged between X employees.
This new strategy comes in the wake of Musk’s introduction of a paid verification process, which grants users extended post lengths, editing capabilities, reduced ads, and higher rankings in conversations. When an X user remains inactive for a month, their account is deemed inactive and becomes vulnerable to removal or potential purchase.
While these subscription-based services aim to boost revenue for the platform, CEO Linda Yaccarino has confirmed a positive trend in advertiser return rates since the summer. In fact, 90 out of X’s top 100 advertisers from 2022 have already come back, with a total of 1,700 advertisers returning in the last quarter alone.
Despite these changes, X still boasts an impressive user base, with over 500 million monthly active users and 1.5 million daily sign-ups. Users spend a staggering 7.8 billion minutes on the platform every day.
October marked the one-year anniversary of Musk’s takeover of X, and it seems he is determined to revolutionize the platform’s revenue streams.
Click here to read more from The Washington Examiner.
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