Twitter made $11 million in three months from Twitter Blue
Last year, Elon Musk announced his bid to purchase Twitter. After some deliberation, Musk bought the social media platform for $44 billion. Immediately, he made significant changes to the platform. Among them was Twitter offering verifications to people for a fee. For as low as $7 a month, anyone can now have a blue check verification. However, the ones who bought their blue checks have a message that says they’re a Twitter Blue subscriber. This addition has generated $11 million in revenue for Twitter.
Elon Musk has faced a lot of criticism since buying Twitter. At the same time, Musk has anticipated the company being slow to turn a profit. In order to boost revenues, he introduced such projects as Twitter Blue. While people criticized this move, people still bought the blue check verifications. In addition, Meta is now preparing to offer a similar product on Facebook and Instagram. Likely, they saw the revenue Twitter is generating from it.
Elon Musk said it would not be much of a surprise if Twitter didn’t turn a profit for a while. In fact, the company has not turned a profit since 2019. However, there is some good financial news for the social media platform. Despite the backlash Twitter Blue initially received, the company has been making money. Recently, it was revealed that Twitter has generated $11 million in revenue since the launch of the Twitter Blue subscriptions.
Source: Say Cheese
Twitter made $11 million in three months from Twitter Blue
