Granted he’s backing into this stupidly, and I can’t imagine he’ll do this right.
But the basic idea of transitioning away from the ad model toward a user funded model is a good move.
I’d go with something where people can create accounts and follow others for free. Then posting rights cost $5 per year. With an additional $5 for every 5000 followers you get.
That way X can monotize people with hundreds of thousands and millions of followers. At that level, accounts become businesses on their own. A few promotional posts would easily pay for the account.
Granted he’s backing into this stupidly, and I can’t imagine he’ll do this right.
But the basic idea of transitioning away from the ad model toward a user funded model is a good move.
I’d go with something where people can create accounts and follow others for free. Then posting rights cost $5 per year. With an additional $5 for every 5000 followers you get.
That way X can monotize people with hundreds of thousands and millions of followers. At that level, accounts become businesses on their own. A few promotional posts would easily pay for the account.