New York Post
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Elon Musk’s X is beginning to cash in on ‘premium’ subscriptions: source #shorts
Posted
November 11, 2023
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6,566
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November 11, 2023
6,566
144
15
2.42%
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0:59Now PlayingX — despite getting blasted over its “X Premium” subscription service that charges users for their blue checkmarks — is now making nearly a quarter of its revenue from premium subscriptions and data licensing, On The Money has learned. NY Post reporter Lydia Moynihan shares this story.
It wasn’t immediately clear how much of the new business at Elon Musk’s company, formerly known as Twitter, is coming from paid subscriptions versus data licensing, and insiders suspect the latter accounts for the lion’s share.
Previously, X made less than 10% of its revenue from data licensing agreements and didn’t make anything from subscriptions, sources said.
Over the last year X has renegotiated data licensing deals with Google, Amazon, Yahoo, Oracle, Microsoft, and Bloomberg to charge heftier fees.
The agreements allow the companies to scrape data from X to enhance their own products, for example enabling Google searches to display relevant results from X.
Read more at
#elonmusk #xpremium #x #technology #business
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