X Introduces Annual Fee in New Zealands and Philippines to Battle Bots and Diversify Revenue

18 October, 2023 - 9:45 am (44 days ago)
1 min read

Elon Musk’s social media platform, X (previously known as Twitter), has begun introducing a $1 annual subscription fee for new users joining the platform. This decision, presently active in New Zealand and the Philippines, is presented as an effort to curtail bot activities and enhance the platform’s authenticity.

The rationale for the annual fee is rooted in curbing the spam and manipulation that automated bots can cause. Newly registered users in the specified regions will undergo phone verification and then pay the nominal fee, which will provide them access to the platform’s core functionalities, including posting, liking, and retweeting. Conversely, users who opt out of this fee will be relegated to a “read only” mode, enabling them to view posts and watch videos but refraining from active participation.

Image Source: Deadline

The Broader Context

Elon Musk’s recent conversations, including one with Israeli Prime Minister Benjamin Netanyahu, hint at his inclination towards imposing mandatory payments to stifle bot and spam activities. Musk’s perspective is simple: when bot creation incurs a cost, even a minimal one, it might dissuade malicious entities from proliferating spam. However, critics argue that these charges may also deter genuine users.

The introduction of the “Not A Bot” program, along with the premium blue tick subscription costing $11 a month in the US, showcases Musk’s broader vision for X, emphasizing the transition away from advertising revenues. Ad revenues for the platform have reportedly plummeted by 60% since Musk took over, leading to speculation that these subscriptions might serve a dual purpose – curbing bot activity and compensating for declining ad revenue.

Reactions and Implications

While the “Not A Bot” program’s launch targets bot activities, it is undeniable that Musk sees alternate revenue streams for X. The aspiration to transform X into an “everything app” encompassing payment services and possibly more is evident. This vision, however, hasn’t been without its setbacks. The premium accounts, though priced higher, have not successfully thwarted scammers from targeting users.

Moreover, Musk’s desire to integrate financial services into X has raised eyebrows. Reports suggest that Musk’s ambitions include accessing users’ financial details. His discontent over Apple’s refusal to share credit card details of its iPhone users registering on X hints at a grander scheme of interlinking social media and finance.

X’s move to instate new subscription fees in select countries, though aimed at maintaining platform integrity, also signals the platform’s adaptive strategies in a changing digital landscape. As X continues to evolve under Musk’s leadership, the world watches closely, questioning whether these changes are truly for better user experience or for exploring alternate, lucrative revenue channels.

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Bilgesu Erdem

tech and internet savvy, cat lover.

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