X Protocol, formerly known as Twitter, has made a drastic change in its subscription service, Premium+, by increasing its monthly fee by 37.5% to $22. This significant price hike is the largest since Elon Musk's acquisition of the platform in 2022. The new prices will take effect in the United States on December 21, and existing subscribers will be able to retain their current prices until January 20, 2025.
The price hike affects multiple markets globally, including the European Union, where the monthly fee will surge from 16 euros to 21 euros, and Canada, where it will jump from 20 Canadian dollars to 29 Canadian dollars. Some markets will be hit even harder, such as Nigeria, where the monthly fee will increase from 7,300 naira to 34,000 naira, and Turkey, where it will rise from 300 lira to 770 lira.
This move by X Protocol has sparked concerns among subscribers, who are faced with a significant increase in their subscription fees. The tech world is still reeling from the effects of this price hike, and it remains to be seen how X Protocol will address the concerns of its subscribers in the coming months.