Twitter previously confirmed that it was exploring a paid subscription model for certain features, and application researcher Jane Manchun Wong tweeted on Saturday that she found out how much it would cost and what it would be called. Twitter Blue, Wong says, will cost $ 2.99 per month and include a tweet cancellation feature and bookmark collections. Wong says it looks like Twitter is working on a tiered subscription model, which she says could mean a less crowded premium experience for the highest paid subscribers.
Twitter did not immediately respond to a request for comment from The edge Saturday, but the company typically doesn’t confirm or comment on Wong’s generally accurate findings of new features before they launch.
Twitter has made a slew of new product announcements over the past few weeks, updating its warnings for potentially offensive tweets, improving its photo-cropping algorithm to allow “larger” images to fully display in images. user feed, adding the ability for Android users to search their direct messages and the deployment of a Tip Jar feature to allow users to donate to certain creators, journalists, experts and nonprofits (well that the latter raised privacy concerns regarding user information included with the advice).
And earlier this month, Twitter acquired Scroll, the $ 5-per-month subscription service that removes ads from participating websites. With the announcement of Scroll, Twitter also said it would end Nuzzel, a scroll service that sends users daily email bursts of the top stories in their Twitter feeds.
In its first quarter earnings report at the end of last month, Twitter made $ 68 million on revenue of $ 1.04 billion. The company reported a 20% increase in the number of monetizable daily active users.
It is not yet clear when a premium paid version of Twitter will launch, or who would be eligible.