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this post was submitted on 17 Apr 2024
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It's a numbers and modeling game. If we charge this much, how many users will we lose? If that number is less than what you will make by doing the change, then the change is worth doing.
That works until more of the user base leaves. Whose going to pay to tweet if no one is on the platform. It's "worth" it potentially in the short term, but long term it doesn't seem viable.
At $1/year i expect very few will leave. Now if it were $10 i could see that being more likely.
A lot of decisions at Xitter were made seat-of-the-pants by Muskiboi. No modelling going on and if there is, they're really bad at it.
https://www.investopedia.com/terms/p/priceelasticity.asp