Twitter Confirms It's Considering Subscriptions
Speculation has been swirling all month that Twitter (NYSE: TWTR) might jump on the subscription bandwagon, following many of its tech peers into the realm of high-margin, recurring revenue. A job listing vaguely referenced a subscription platform that the company was building. Analysts have estimated that Twitter would need to charge $50 per year for U.S. users to offset lost ad revenue, assuming that such a service tier would remove ads.
Twitter addressed the rumors head-on this week when it reported second-quarter results.
Image source: Twitter.
Source Fool.com
