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Entertainment News => Tech Talk => Topic started by: jdv on July 23, 2020, 03:11:49 PM



Title: Twiiter revenue crashes; looks at subscription fees
Post by: jdv on July 23, 2020, 03:11:49 PM
The end of twitter?

"Twitter says it's looking at subscription options as ad revenue drops sharply

Twitter (TWTR) is actively exploring additional ways to make money from its users, including by considering a subscription model, CEO Jack Dorsey said Thursday. The move comes as Twitter suffers a sharp decline in its core advertising business.

"You will likely see some tests this year" of various approaches, Dorsey told analysts on an investor call held to discuss the company's second quarter earnings results. Dorsey said he has "a really high bar for when we would ask consumers to pay for aspects of Twitter," but confirmed that the company is seeking to diversify its sources of revenue in what are "very, very early phases of exploring."
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Maybe getting completely clowned by hackers isn't a great look for a company already determined to alienate half of its potential users.

https://www.cnn.com/2020/07/23/tech/twitter-subscription-earnings/index.html (https://www.cnn.com/2020/07/23/tech/twitter-subscription-earnings/index.html)