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Elon Musk

Elon Musk’s X (Formerly Twitter) Unveils New Subscription Tiers: What You Need to Know

by theparliamentnews.com 6 October 2023

written by theparliamentnews.com

Elon Musk’s social media powerhouse, X (formerly Twitter), is set to introduce fresh subscription options, a revelation confirmed by CEO Linda Yaccarino during discussions with investors. The existing X Premium, or Twitter Blue subscription, priced at $8 per month, is getting a makeover with three distinct categories: Basic, Standard, and Plus.

This move aims to boost X’s revenue by catering to a wider audience, including users who might not have considered the full premium subscription.

Elon Musk has been vocal about his intention to address issues like bots and declining revenue on the platform. In a recent conversation with Israeli Prime Minister Benjamin Netanyahu, Musk hinted at introducing a nominal monthly fee for all X users to combat these challenges.

An earlier glimpse into the platform’s code by a researcher, known as @Aaronp613, unveiled the potential differentiators among the three subscription tiers. The X Premium Basic plan is expected to feature full ads, while the X Premium Standard version will reduce ad exposure by half. Lastly, the X Premium tier promises an ad-free experience.

These changes reflect X’s commitment to enhancing the user experience while exploring sustainable revenue models. Stay tuned for more updates as X continues to evolve and adapt to the ever-changing social media landscape.

6 October 2023 0 comment

Blog Business Featured

Can ‘X’ Adapt and Thrive in a Changing Social Media Landscape?

by theparliamentnews.com 1 October 2023

written by theparliamentnews.com

In a recent interview, X’s CEO, Linda Yaccarino, shared that the platform, previously known as Twitter, has lost a lot of daily users since Elon Musk became the boss. This is a big deal in the world of social media.

Linda Yaccarino said that X has gone from having 254.5 million people using it every day to only 225 million since Musk took charge. That’s a drop of about 11.6 percent, which means fewer people are using X these days.

She also pointed out that when compared to last year, there’s been a drop of around 3.7 percent, which equals nearly 15 million users saying goodbye to X. This shows that X is having some trouble keeping its users interested under Musk’s leadership.

But it’s not all bad news. Yaccarino mentioned that 90 percent of the top 100 advertisers are back on X, which means companies still like to advertise there even though fewer people are using it.

Linda Yaccarino has only been the CEO of X for a short time, so these numbers might change as she and her team work to make X better.

This drop in daily users comes after Elon Musk’s tweets last year, where he said Twitter had 254.5 million daily users just before he took over. Later, X said it was actually 245 million. Now, Yaccarino says it’s down to 225 million.

X does have 550 million people using it every month, but we’re not sure if that number has gone up or down since Musk became the boss.

X is trying to make money by 2024, so losing daily users is a big challenge. They’ll need to come up with new ideas to get more people to use X and keep it going in the fast-changing world of the internet.

This shows that the tech world is always changing, and even big names like Elon Musk can’t predict exactly what will happen when they take charge of a major platform like X.

1 October 2023 0 comment

Blog Business Featured

Elon Musk’s Life Story: A Biography That’s Electric, Selling 92,000 Copies in Just One Week!

by theparliamentnews.com 25 September 2023

written by theparliamentnews.com

Walter Isaacson’s new biography of Elon Musk had an impressive debut, with over 92,000 copies sold in its first week. This achievement landed it as the second best-selling book in its opening week.

Even Elon Musk himself shared his thoughts on social media, finding it a bit odd to see so many close-up pictures of his face in the book.

Walter Isaacson, known for writing about iconic figures like Albert Einstein and Benjamin Franklin, spent two years working on this biography. He immersed himself in Musk’s world, attending meetings, touring his factories, and conducting extensive interviews with Musk and those around him.

Isaacson’s previous biography of Steve Jobs, published shortly after Jobs’ death in 2011, sold nearly 383,000 copies in its first week.

“Elon Musk” has also claimed the top spot on The New York Times’ bestseller list, and you can find it on Amazon for ₹952. It’s clear that readers are eager to learn more about Musk’s life and work.

25 September 2023 0 comment

Blog Business Featured

Formerly Twitter, X Unveils Privacy Policy Update, Includes Biometric Data and Career-Education Info Collection.

by theparliamentnews.com 3 September 2023

written by theparliamentnews.com

In a significant privacy policy update, X, formerly known as Twitter, has announced its intention to collect users’ biometric data, job history, and education background, which will take effect from September 29. This move is part of the company’s broader strategy to create new applications and integrations while ensuring user safety and platform security.

X’s updated policy states, “Based on your consent, we may collect and use your biometric information for safety, security, and identification purposes.” For premium users, biometric data collection will be an option, requiring submission of government identification and an image to add an additional layer of verification. The biometric data collected may include information from both the provided ID and images for matching purposes.

The primary objective of this biometric data collection is to enhance security on the platform, combat impersonation attempts, and ensure that accounts are linked to real individuals. While concerns about privacy are valid, X aims to utilize this data for the safety and identification of its users.

In addition to biometric information, the updated policy also addresses the collection of users’ job and education histories. X intends to use this data for recommendations related to job opportunities, sharing information with potential employers during job applications, assisting employers in finding suitable candidates, and delivering more relevant advertising to users.

Although the term “biometric” is not explicitly defined in the policy, it generally refers to automated technologies such as facial recognition software, fingerprint scanning, and palm or iris scanning, which are used for authenticating and verifying unique human body characteristics.

These policy changes coincide with X’s recent introduction of a feature allowing verified organizations to post job listings on the platform. This strategic shift aligns with Elon Musk’s vision to transform X into an “everything app” offering a wide range of functionalities beyond traditional social media.

While concerns regarding data privacy persist, X’s updates reflect its commitment to enhancing user security and delivering more tailored experiences to its audience in line with the company’s evolving objectives.

3 September 2023 0 comment

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Elon Musk

Elon Musk’s X (Formerly Twitter) Unveils New Subscription Tiers: What You Need to Know

Can ‘X’ Adapt and Thrive in a Changing Social Media Landscape?

Elon Musk’s Life Story: A Biography That’s Electric, Selling 92,000 Copies in Just One Week!

Formerly Twitter, X Unveils Privacy Policy Update, Includes Biometric Data and Career-Education Info Collection.

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