Social media has been free since its inception, which has helped the innovative medium to gain billions of followers around the world. But now, it would appear the tides are officially turning, as Twitter is poised to launch its first paid-for plan in its more-than-a-decade-long history. Here’s everything we know about the premium service from Twitter so far. There’s no two ways about it; this move is obviously so Twitter can make money. Despite advertising and data licensing efforts, the social media company has been transparent about its need for more revenue, and it’s confident this can help. Upper management at Twitter has stated that they believe that they could make money off of 199 million of their 330 million active users. This would represent a 20% increase year-over-year, firmly establishing a revenue stream that could seriously help the platform out down the road.
Undo Tweets
Twitter users have been asking for an “edit” feature for years, but hey, an “undo” button is the next best thing! If you notice you’ve got a typo or simply don’t want to put that energy out in the world, users will be able to quickly “undo” a tweet before it goes live.
However, with social media trending towards paid services, Twitter could be establishing itself on the ground floor of an innovative movement. After all, the platform just launched the Tip Jar feature, alluding to a financially-driven future for the app. If all goes according to plan, Twitter could set itself up to shirk the infamously unpopular data-mining practices of the industry, particularly with companies like Google and Apple throwing up road blocks to the sketchy methodology for making money. Paying for social media is going to be a tough barricade to break down after a decade and a half of cost-free scrolling. But hey, maybe it’ll be the push some of us need to go outside and enjoy social interactions the old fashioned way again. Revamp your online presence with the best social media management software
