Twitter Poised to Unveil $3 Per Month Subscription Plan
A Twitter (NYSE: TWTR) paid subscription service is quickly approaching. App researcher Jane Manchun Won tweeted on Saturday that the social media service is preparing to roll out a $3 per month subscription model called Twitter Blue that would offer users exclusive services such as saving and organizing favorite tweets as well as undoing tweets.
CEO Jack Dorsey said last year that Twitter was exploring the idea of a subscription model. And following its acquisition of Scroll earlier this month, product vice president Mike Park wrote on the company's blog that Scroll, an ad-clearing publishing outlet, "will become a meaningful addition to our subscriptions work as we build and shape a future subscription service on Twitter."
It's clear that as Twitter user growth stagnates, the need to find other avenues for monetizing the service is essential.
Source Fool.com
