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Twitter’s Coming ‘Twitter Blue’ Subscription Offering Is Slowly Taking Shape

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While Twitter recently re-opened public applications for profile verification, most users likely won’t meet the updated criteria, and won’t be able to get that coveted blue tick by their username. But there may soon be another way to highlight your Twitter superiority, albeit via paid means.

Earlier this month, reverse engineering expert Jane Manchun Wong discovered that Twitter is working on a new subscription service, currently called ‘Twitter Blue’, which would provide users with a range of add-on tweet features, for a monthly fee.

Twitter Blue

Now, Wong has uncovered more details of the platform’s coming subscription offering, including further insight into the Twitter Blue feature listing, as it stands, and how users will sign-up for the option.

Twitter Blue

As you can see here, Twitter Blue, which is currently listed at $US2.99 per month, would give subscribers access to several add-on features to enhance their on-platform experience.

Those features, as they currently stand, are:

  • Undo tweets – We’ve reported on this previously, but as it sounds, undo tweets would enable users to retract their sent tweets within 5-10 seconds of posting, which could help in catching those small grammatical errors and mistakes that can be a major annoyance in the tweet process. It’s not tweet editing, but it’s likely as close as you’ll ever get.
  • Collections for Bookmarks – This feature would enable users to categorize their saved tweets into assigned topic folders, providing more ways to manage your favorite content in the app. That could especially come in handy for eCommerce listings, which Twitter is currently also developing.
  • Reader Mode – This appears to still be in development, but reader mode will enable users to ‘turn tweet threads into easy to read text’, likely by merging them into a single, notepad-like screen. There are no examples of this available yet.
  • Color theme – One of the newly added elements, color theme, would enable users to select from a range of color options for their tweet display (image below). As some users have noted, you can actually already do this on desktop, but when you do update your color settings currently, those changes are only visible to you. It’s possible that this could change your color settings for profile visitors as well.
  • App icon – Twitter Blue subscribers would also get a new selection of custom app icons that they can use on their device.
Twitter Blue

So that’s the Twitter Blue offering, based on what we know right now – undo tweets, bookmark collections, new thread reading options and new color settings, which may or may not be visible to others in the app. 

Would that be worth $US2.99 per month to you?

No doubt many people won’t be looking to pay, but that doesn’t really matter, because Twitter only needs a small percentage of its users to sign on, in order to make it worth developing.

Twitter currently has 199 million daily active users, which means that even if only 1% of them sign-up, that would still equate to around $6 million per month (+$18m per quarter) in direct revenue for the company. And some people will indeed sign up – and if Twitter can further sweeten the Twitter Blue offering over time, that will bring more people in, which could quickly make it a hugely profitable addition, and a massive earner for the company, which is aiming to significantly boost its revenue run rate over the next few years.

And while additions like different colors may not mean a lot to you, these types of customization features do mean a lot for some people.

Online multiplayer game Fortnite is a great example of this – Fortnite enables users to play the game for free, but you can sign-up and pay for add-on features, like season passes that provide new costumes for your characters and custom weapons, emotes, dances, etc. In 2019, Fortnite brought in $1.8 billion in revenue, with a significant amount of that coming from in-game cosmetics – i.e. character ‘skins’ which provide custom outfits for your avatar.

Note, again, that Fortnite is actually free to play, so it makes its money entirely through these add-on features – in fact, Fortnite’s parent company Epic recently reported that it made $50 million from one set of custom NFL character skins alone.

People will pay for in-app cosmetic enhancements, so while some people are raising their eyebrows at the suggestion that Twitter will look to charge for such minor additions, in a relative sense, the bottom line is that some people will happily pay.

And if you’re not interested, you can keep using Twitter as you always have.

Which is also a key point – as reported by TechCrunch, this week, at the recent JP Morgan Global Technology, Media, and Communications conference, Twitter CFO Ned Segal provided some extra insight into the company’s evolving tweet subscription plans, without specifically noting the Twitter Blue project by name.

Enligt TechCrunch:

“[Segal] told investors that its new “premium service” would be aimed at people who use Twitter’s service – “and they pay us for it.” Segal noted this premium offering was one of the two types of subscriptions that Twitter had in the works, the other being Super Follows.”

TechCrunch further noted that Segal also reiterated that it will be looking to provide these premium features:

“…on top of [Twitter’s] continuous improvement mindset around the free version of the service that everybody will continue to have access to.”

Twitter needs its free version for scale, and maximizing its ubiquity, but by providing optional add-on tools, that could give the company a simple, effective, and engaging revenue stream, which will keep those who do pay tweeting more often – because if you’re going to pay, you’re likely also going to be looking to get your money’s worth, right?

Really, it seems like a clever addition for Twitter, catering to more use cases and interests, and potentially, as noted, giving people a way to enhance their appearance within the app by paying a few dollars for some add-on tools.

And Twitter’s likely not done yet – as Wong noted in her original discovery, Twitter may well be looking to add alternative subscription tiers, which would give users access to even more features, like an integration with its recently acquired Scroll service that would enable users to read paywalled articles from a range of websites. 

It may also look to add more analytics tools and posting features, for more serious Twitter users, and if those tools can provide significant value, and only cost a few bucks more each month, you can bet that people will also be signing up to get them as well.

Yes, the Twitterverse will make noise about this, and predictably bemoan the glaring absence of an edit button. But honestly, it’s a smart play, and makes a heap of sense for Twitter, from various perspectives.

We’ve asked Twitter for further information about the project, and will keep you updated as news comes to hand.

Socialmediatoday.com

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Moore Digital Names Two Executives To Serve Nonprofit Fundraisers 02/07/2023

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Moore Digital Names Two Executives To Serve Nonprofit Fundraisers 02/07/2023

Moore Digital, which assists nonprofit clients with fundraising, has named Adva Priso as chief strategy officer and Bonnie Huey as senior vice president of
digital media.

They are joining a team of “more than 70 top digital experts from across the for-profit and nonprofit industries, including strategists,
media planners and …



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Pinterest Now up to 450 Million Active Users, Posts Solid Numbers in Latest Performance Report

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Pinterest Now up to 450 Million Active Users, Posts Solid Numbers in Latest Performance Report

Pinterest has posted its Q4 and full-year earnings for 2022, showing steady increases in both users and revenue, as it continues to build out its various offerings.

First off, on users, Pinterest added five million more active users – most of them coming from Europe – within the final measurement period of last year.

That’s a good sign for Pinterest, which actually lost users in early 2021, after the COVID-induced boom in eCommerce activity of the previous year, which saw the platform post record high usage numbers.

Many analysts and businesses seemed convinced that the COVID boost to online shopping would hold, even after the pandemic ended. That lead to companies like Meta, Google, Amazon and Twitter investing big into commerce solutions – but many of the staff they put on were eventually culled in the most recent round of lay-offs, because once physical stores re-opened, people actually did go back to shopping as normal, as opposed to continuing to rely on online options.

Pinterest felt that the most, but now, it’s steadily building back up again, as it continues to refine its solutions around evolving shopping behaviors. Which includes video content.

Pinterest’s big winner on this front has been Idea Pins, its Stories-like option which presents uploaded video in a swipeable, full-screen display.

Pinterest Ideas Festival updates

The emphasis on this format has helped boost the platform’s appeal with younger audiences, with Pinterest reporting that Gen Z was the fastest-growing demographic on the platform, increasing double digits year over year.

“Gen Z sessions grew much faster year over year than sessions from older demographics, while nearly half of all new videos pinned in Q4 were from Gen Z users.”

Pinterest also says that sessions continued to grow faster than MAUs, an indicator that it’s driving better engagement overall, while it also increased its overall video supply by 30%, another marker of the popularity of Idea Pins.

Because you can’t post video as a native pin anymore, only in Idea Pins (or paid ads), underlining the focus on the format, and Pinterest’s evolving usage.  

On the revenue front, Pinterest posted a 4% year-over-year increase, after bringing in $877 million Q4.

Pinterest Q4 2022

As you can see in this chart, Pinterest’s revenue is climbing steadily, though its revenue splits remain concerning:

Pinterest Q4 2022

Or maybe you see this as an opportunity, with Pinterest still able to potentially eek out a lot more revenue from regions outside of the North American market. Definitely, it’s got some work to do in that ‘Rest of World’ bracket.

But Pinterest is still developing, and is still expanding its ad and business offerings into new regions. So there is, indeed, potential there – yet the size of the gap here is a concern.

Still, there is growth, slowly but surely, and maybe, if you’re a believer, you can see more ways for Pinterest to generate much bigger revenues moving forward.

Pinterest remains focused on shopping, and highlighting relevant products to users, with its ever-evolving recommendation engine providing better content matches to more users every day. It’s also investing in live-stream shopping, a trend that all platforms hope will catch on in western markets, while it’s developing more presentation tools for Idea Pins to capitalize on that engagement.

In combination, these approaches are working – but at the same time, usage growth in your local market may have stalled, going on these charts.

And of course, while overall growth is interesting, what marketers want to know is whether their customers are there.

For this, you can use Pinterest Trends, which enables you to search for the most popular Pin trends by region.

Pinterest Trends

Tap into these with Idea Pins and you’ll likely be on the right path, based on these latest insights from the app.

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These Guys Are Stupid, And I'm Being Charitable

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These Guys Are Stupid, And I'm Being Charitable

Why do some organizations still solicit funds the way they did in the 1960s? You need to take a smarter marketing approach, or you’ll waste money like they do. I’m still getting about two bucks a month in cash from stupid, misguided charities that insist on sending me actual money in the mail. I get …

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