X to launch premium subscriptions soon

Elon Musk said on Friday social media platform X, formerly known as Twitter, will soon launch two new tiers of premium subscriptions. “One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads,” Musk said on a post on X. Musk, who took over the platform in October 2022, has been trying to boost revenue by charging users and by wooing back advertisers, who stopped buying ads after Musk fired most employees and disbanded content moderation teams.