Elon Musk Announces X's Upcoming Premium Subscription Launch

Elon Musk has confirmed that X (formerly Twitter) will soon launch two new premium tiers. One tier will be lower cost but will not reduce ads, while the other tier will be more expensive and ad-free. The prices of these new tiers have not been disclosed. This move comes as X seeks to increase its revenue and attract advertisers, following a drop in ad revenue since Musk's takeover. The company is also testing a $1 per year plan in New Zealand and the Philippines to reduce the number of bots on the platform.