Twitter's Checkmark Drama ?? New Apple Payment Update & more!
This Month In Mad News:
? Elon Musk States He Personally Pays The Subscription Price For Some Twitter Users???
??Upgrading your ride: Automakers monetize used cars with subscription services???
??Apple's Next Update: Prepare to Say Goodbye to Payment Restrictions! ??
??No More Sneaky Subscriptions: FTC Proposes 'Click to Cancel' Option ??
??Despite the Rate Cuts, Netflix's Q1 Paid New Subscribers Soar ???
??Game-changing News for UK app devs: Google?Adds New Payment Options!???
??Mobile Madness: Consumers Spend an Average of 5.5 Hours a Day on Apps in Q1 2023 ??
Musk's Claim To Pay For Twitter Blue Verification Causes Controversy On Social Media
Elon Musk has caused a stir on Twitter by claiming to pay for the verification on the social media platform's premium service, Twitter Blue. Musk's tweet was met with mixed reactions, with some users praising the move while others criticized it, by saying verification should be available to all. Musk stated on his Twitter account that he personally pays for LeBron James and Stephen King. The checkmarks also reappeared on the accounts of many well-known celebrities, athletes,?and?users including Beyonce, Shakira, Cristiano Ronaldo, Oprah Winfrey, and more.
Elon Musk's move has garnered a range of reactions from the public.
Among these, a notable exchange occurred between Musk and the renowned author, Stephen King, regarding the cost of verification checkmarks.
Despite the slow start, Twitter remains committed to Twitter Blue and is planning to introduce new features in the coming months.
The company also recently restored the blue checkmarks to verified accounts after a three-year hiatus. This move was met with mixed reactions, as some users believe the blue checkmarks are necessary to establish credibility, while others feel they contribute to a culture of elitism on the platform.?
In conclusion, the future of Twitter Blue remains uncertain, but the platform's commitment to innovation and its passionate user base give it a fighting chance in the crowded social media landscape.
News In Short
? Automakers are experimenting with a new revenue model by offering subscription services to used car owners, allowing them to access features that were previously only available on new models. These services include features like remote start, concierge services, and in-car Wi-Fi. By monetizing used cars, automakers aim to generate recurring revenue and increase customer loyalty. However, some experts warn that these services could lead to higher ownership costs and may not be financially viable for all car owners.
? Apple has recently announced a new update that will make it easier for users to manage their in-app subscriptions and payments. The new update will allow users to set a default payment method and easily switch between different payment methods within the app. Additionally, Apple is introducing a new 'Click to Cancel' option for subscriptions that will make it simpler for users to cancel recurring payments. The new changes are expected to roll out in the coming months.
??The Federal Trade Commission (FTC) is proposing new guidelines to protect consumers from deceptive subscription practices. The guidelines would require companies to offer a "click to cancel" option that is easily accessible and simple to use. If adopted, this move is aimed at preventing companies from trapping consumers in unwanted subscriptions, and it is a significant step toward improving transparency and accountability in the subscription industry.
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??Despite cutting subscription rates in 116 countries, Netflix has reported a record Q1 paid subscriber base of 1.75 million. Netflix's decision to cut subscription rates has likely contributed to its continued growth, along with its recent announcement of a new ad-supported subscription plan that offers a cheaper alternative to its existing plans. With these moves, Netflix is positioning itself to maintain its position as a leading player with their subscription strategies in the streaming market.
??Google has added new payment options for UK app developers to increase conversion rates and enhance the payment experience for users. These options include direct carrier billing and Google Play balance, enabling users to charge app purchases to their mobile phone bills or Google Play account balances. This move is expected to help developers monetize their apps in regions with limited payment options while improving the overall payment experience.
??This quarter, consumers have spent a whopping 5.5 hours per day on their mobile devices. According to recent data from Data.ai, consumers in the top 10 most-mobile markets are now spending an average of 5.5 hours per day on apps, up from 5.4 hours in Q1 2022. These markets include Indonesia, Brazil, and the United States. This increased mobile usage has resulted in a $336 billion opportunity for mobile advertising.
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