RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home company news

New users on ‘X’ to Pay $1 annual fee

Bolarinwa Mathew by Bolarinwa Mathew
October 18, 2023
in company news, Technology
Reading Time: 2 mins read
A A
0
New users on ‘X’ to Pay $1 annual fee
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Elon Musk’s social networking site, X, has launched a new program requiring new, unverified users to sign up for a $1 annual subscription. The subscription will grant users the ability to post and interact with other posts on the platform. This new program is currently undergoing testing in New Zealand and the Philippines as part of the preparation for a global rollout.

The introduction of the subscription model is specifically aimed at new, unverified accounts, and existing unverified users will not be affected by this change. Those who choose not to subscribe upon signup will still have the ability to engage in “read-only” activities, such as reading posts, watching videos, and following accounts.

AlsoRead

ChatGPT Incorporates Content from Elon Musk’s Controversial Grokipedia in Responses

Dangote Links Higher Cement Prices in Nigeria to Heavy Taxes and Regulation

NNPC Records N380bn Revenue Drop in September 2025 Amid Production Challenges

During the registration process, new users will have the option to select from different subscription tiers, including the $1 annual fee, the X Premium subscription, and access for Verified Organizations.

Notably, X has clarified that this new subscription program is not motivated by profit but rather by the need to combat spam and enhance the overall quality of the platform. In a statement, X explained, “This new test was developed to bolster our already successful efforts to reduce spam, manipulation of our platform and bot activity while balancing platform accessibility with the small fee amount. It is not a profit driver. And so far, subscription options have proven to be the main solution that works at scale.”

Elon Musk, the founder of X, initially hinted at the possibility of introducing a subscription fee for using the platform during a live-streamed conversation with the Israeli Prime Minister, Benjamin Netanyahu. While the exact amount was not revealed at that time, Musk had originally proposed a monthly subscription model.

However, the $1 annual fee represents a more budget-friendly alternative compared to the “small monthly payment of a few dollars” previously mentioned by Musk. This decision was partly influenced by the concern raised by Netanyahu, who pointed out that a significant portion of content on X seemed to be generated by automated bot accounts.

Musk acknowledged the challenge of tackling spam and bot activity, stating, “This is actually a super tough problem. And it’s probably really the single most important reason that we’re moving to have a small monthly payment for the use of X. It’s the only way I can think of to combat vast armies of bots because a bot costs a fraction of a penny.”

He further explained that by imposing a small payment, the cost of deploying bots on the platform would be significantly higher. Musk also highlighted the additional hurdle for malicious actors who would need to obtain new payment methods for each new bot, thus making it a less attractive proposition for spammers.

As X begins testing its subscription model in select regions, it remains to be seen how this initiative will impact the platform’s user base and its ongoing battle against spam and manipulation.

Tags: annual subscriptionElon Musknew usersonline networkingonline social mediaplatform accessibilityspam preventionsubscription feesubscription model.X social network
Previous Post

FG Generates Over N26.2 Billion from National Drivers’ Licenses in 2022

Next Post

Nigerian Exchange Fines Guinea Insurance N453.6 Million for Post-Listing Violations

Related News

AI chatbot ChatGPT stumbles as it reaches its limitations of intelligence.

ChatGPT Incorporates Content from Elon Musk’s Controversial Grokipedia in Responses

by Victoria Attah
January 26, 2026
0

OpenAI's ChatGPT has begun referencing material from Grokipedia, the AI-generated encyclopedia created by Elon Musk's xAI, in some of its...

Aliko Dangote’s Wealth Drops by N1.45 Trillion Following Naira’s Exchange Rate Change

Dangote Links Higher Cement Prices in Nigeria to Heavy Taxes and Regulation

by Victoria Attah
December 22, 2025
0

President of the Dangote Group, Aliko Dangote, has attributed the higher cost of cement in Nigeria compared to prices in...

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

NNPC Records N380bn Revenue Drop in September 2025 Amid Production Challenges

by Akpan Edidong
October 23, 2025
0

The Nigerian National Petroleum Company Limited (NNPC Ltd) reported a significant financial setback in September 2025, with a revenue decline...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Faces Backlash from Engineers Over Proposed Transfers to Other Group Units

by Akpan Edidong
October 9, 2025
0

Tensions are simmering at the Dangote Petroleum Refinery, where a group of engineers claims they're being unfairly targeted for their...

Next Post
Nigerian Exchange Fines Guinea Insurance N453.6 Million for Post-Listing Violations

Nigerian Exchange Fines Guinea Insurance N453.6 Million for Post-Listing Violations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

February 16, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Sparks Intense Competition in Nigeria’s Petrol Market with Sharp Price Reduction

February 16, 2026

Popular Story

  • Naira Surges Against US Dollar, Falls Below N1,000 Mark

    CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

    0 shares
    Share 0 Tweet 0
  • NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

    0 shares
    Share 0 Tweet 0
  • Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

    0 shares
    Share 0 Tweet 0
  • Telecom Sector Sees Dramatic FDI Surge to $208.51 Million in Q3 2025

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Sparks Intense Competition in Nigeria’s Petrol Market with Sharp Price Reduction

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>