#Elon Musk has proposed making the #X social network a paid platform for all users. The owner of the company made this statement during a conversation with Israeli Prime #Minister Benjamin Netanyahu.
The new feature is expected to help address the issue of a "huge army of bots" on the platform. Musk explained, "If you have to pay a fraction of a cent or something like that for a bot, the effective cost of bots will become very high." The billionaire did not specify the exact cost of the new subscription but referred to it as a "small sum of money." The timeline for implementing these changes is also unknown.
During the conversation, #Musk shared new statistics for X, noting that the site currently has 550 million users per month who generate between 100 to 200 million posts daily. It is unclear whether this statistic includes news feeds and spammers.
The number of X Premium subscribers is not disclosed, but according to some reports, it totals 827,615 users.
Recall that Elon Musk's previous initiative to eliminate bots from X through a paid subscription for $8 per month did not yield significant results. Research by dappGambl showed that around 10% of followers on popular cryptocurrency-themed accounts are still fake.
According to Dewey Square Group data, with the arrival of the new #CEO, the social network has been experiencing user attrition each month. In March, there was a 7.7% decrease in traffic on the platform compared to the same period the previous year.