X to Begin Charging New Users $1 Annually to Engage on the App
Many are questioning the app's longterm viability
X, the platform formerly known as Twitter, will begin charging new users $1 a year to access key features including the ability to tweet, reply and quote, according to a source familiar with the matter and later confirmed by the company.
The company will begin charging the fee on Tuesday for new users in New Zealand and the Philippines, marking one of the most significant changes to the social media platform since Elon Musk acquired the company nearly a year ago.
In a statement published shortly after Fortune reported the news of the $1 plan, X's support account confirmed the details and described the move as a way to curb the prevalence of bots and spam on the platform, rather than a money-making endeavor. "This new test was developed to bolster our already successful efforts to reduce spam, manipulation of our platform and bot activity while balancing platform accessibility with the small fee amount. It is not a profit driver," the company said.
Please select this link to read the complete article from Fortune.