Elon Musk's paid subscription plan is right to go, says The Black Swan author

Elon Musk's plan to monetize blue check and other features by launching a paid subscription model, Twitter Blue, received heavy criticism, but The Black Swan author seems to disagree.

What Happened: Nassim Nicholas Taleb, a Lebanese-American options trader and strategist who is known for his book, The Black Swan: The Impact of the Highly Improbable, took to Twitter to share his views about why Musk decided to charge $8 per month for Blue subscriptions is the right way to go.

See also Elon Musk's Troubles Mount As Twitter Suffers Major Source Code Leak

Taleb said that Charging for Twitter should bring cash flow and eliminate NOISE, and that this approach would bring indictment from advertisers. He said that other social media outlets will need to follow the same approach in the post zero interest rate era. The subscription service for Facebook and Instagram users was introduced by Meta Platforms Inc.

Why It is Important: Last year, Musk's plans to monetize blue badges left many people fuming, including author Stephen King.

Only verified accounts will be able to vote on the platform.

Travis Brown, a software developer in Berlin, said that the subscriber count of TwitterBlue hasn't doubled a month after the relaunch.

You can see more of Benzinga's Consumer Tech coverage by following this link.

Read Next: Elon Musk SendsMusk Sends Stern Email To Twitter Employees At Unusual Time: Office Is Not Optional