Elon Musk Unveils New Twitter Subscription Tiers Amid Traffic Declines

Elon Musk revealed plans for two new paid subscription tiers for Twitter users, including a lower cost option with ads and a more expensive ad-free option.

The new subscriptions come as Twitter contend with a reported 14% decline in web traffic since Musk took over.

Musk says the $1/year verification fee rolled out in some countries is the "only way to fight bots without blocking real users."

Twitter currently has one $8/month subscription tier that includes account verification and other premium features.

Despite claims of record usage, data shows global traffic to Twitter.com and its ad platform dropped significantly year-over-year in September.