. Elon Musk Wants More Paying Twitter Users, Hinting At $8 A Month for Verified Accounts « JO LEE MAGAZINE

Wall Street Journal – Elon Musk is looking to quickly boost Twitter Inc.’s revenue by embracing subscriptions, aiming to make the social-media company less dependent on digital ads as Madison Avenue signals a cautious stance toward the site after the billionaire’s takeover.

Mr. Musk has been saying since before completing his $44 billion takeover of Twitter that it needs to rely less on the digital advertising dollars that account for nearly 90% of its total sales. Twitter and its competitors have considered or dabbled with subscriptions as an additional revenue source, but they haven’t yet amounted to sizable income for most companies…

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