On Saturday, billionaire Elon Musk announced that he will be awarding funds to select subscribers of the “X” tweets platform, which he acquired for a staggering $44 billion USD.
He stated that only subscribers of the “X Premium Blue” service will now have the opportunity to receive advertising revenues from the Twitter company.
In a tweet posted on Friday, he wrote, “To be eligible for your ad revenue share, you must be an X Premium (Blue) subscriber. The ad money will otherwise be kept by X if you are not an X Premium (Blue) subscriber.”
Shortly after, Elon Musk tweeted again, stating that the interest of subscribers in obtaining a share of the advertisements had far exceeded his expectations, resulting in a substantial response.
He reassured them that the processing of payments will take a few more days, and he also confirmed that significant amounts of money are on their way.
The “Twitter Blue” service is a paid subscription offering various perks, including account verification with the coveted “blue badge,” the ability to edit tweets, and writing longer posts.
It is worth noting that Elon Musk had announced last month that Twitter was facing financial challenges due to a nearly 50% decline in advertising revenue, along with the burden of heavy debts.
In late October 2022, Elon Musk completed the acquisition deal worth $44 billion for Twitter, the American company founded in 2006, with its headquarters located in San Francisco, California.
Last month, Musk surprised Twitter users by changing the name and logo to the letter “X,” bidding farewell to the iconic bluebird logo.
