\u00ab\u00a0For those wondering, no, a free Twitter is not going away, and never will,\u00a0\u00bb the company pledged.<\/b>
\nTwitter announced Thursday it has launched the initial iteration of Twitter Blue, the company’s first foray into a subscription service model, for users in Canada and Australia, which will provide access to \u00ab\u00a0exclusive features and perks.\u00a0\u00bb Twitter did not say if or when Twitter Blue will become available in America. The company announced in February that it plans to start testing several new features, including a subscription-based program called \u00ab\u00a0super follows\u00a0\u00bb that will let users earn revenue from followers by offering exclusive content. On Feb.25, Twitter said it plans to at least double total annual revenue and daily users over the next four years. According to a regulatory filing, the company expects annual revenue to increase from $3.7 billion in 2020 to $7.5 billion or more in 2023. CEO Jack Dorsey said that, in the past, \u00ab\u00a0we believe we haven’t been innovative,\u00a0\u00bb but that the company has set a goal to increase \u00ab\u00a0development velocity.\u00a0\u00bb According to Twitter’s first-quarter earnings report released in late April, advertising accounted for nearly 87% of its total revenue. 315 million. That’s the number of daily active users Twitter said it expects to have by the final quarter of 2023. Shares of Twitter were up approximately 1.9% on Thursday morning. Introducing Twitter Blue – Twitter’s first-ever subscription offering (Twitter Blog)<\/p>\n