Twitter has recently surpassed 1 billion downloads on the Play Store, and the company is still looking for ways to increase revenue.
Today, its founder and CEO Jack Dorsey has told investors that the company has been looking for alternative ways to make money, including a potential paid subscription plan.
At the company’s quarterly conference to announce the financial results, Dorsey said Twitter is in the early stages of exploring new ways to expand revenue streams, including a possible paid subscription option for users.
Dorsey said that this option could coexist with the current free service with advertising, commenting that it has “the bar set very high when it comes to asking consumers to pay for aspects of Twitter.”
If all goes well, we could see the new paid subscription model in testing later this year. There is no indication of what it will be like, though subscribers could probably have an ad-free experience.
The company has had some issues lately, like the recent personality account hack promoting a scam. This has put the company in the spotlight for the possible impact on international politics that an attack targeting accounts with high responsibility would have.