Digital platforms could be hit with huge fines for failing to protect consumers from subscription traps and online scams, a new UK regulator has said. The Digital Markets Unit (DMU) will be given new powers to ensure that online customers and businesses are not unfairly disadvantaged by the biggest players. Firms deemed to have “strategic…
UK Targets Subscription Traps and Fake Online Reviews With New Law
April 25, 2023
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Twitter to Let Users Offer Content Subscriptions in Monetization Push
Twitter-owner Elon Musk said on Thursday users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video. Users offering the subscription, a feature they can access through the “Monetization” tab in settings, will get all the money subscribers pay apart from the charges platforms…
Meta Launches Subscription Service in US
Meta Platforms Inc. on Friday launched its subscription service in the U.S., which would allow Facebook and Instagram users pay for verification in the same vein as Elon Musk-owned Twitter. The Meta Verified service will give users a blue badge after they verify their accounts using a government ID and will cost $11.99 per month…
Twitter Offers New Annual Plan for Subscription Service
Twitter Inc. said on Wednesday it was offering an annual plan for its subscription service called Twitter Blue, which includes its sought-after “verified” badge, at a discount to its monthly price. Users can subscribe to the service for an annual price of $84, instead of a monthly subscription price of $8 on the web and…
If You Love Your Subscribers, Let Them Go
During the first COVID-19 lockdown, subscription businesses witnessed unprecedented growth. From coffee to cars—nothing was off-limits, and subscriptions went from a revenue strategy to a movement. Thanks to the unlimited supply of recurring revenue adrenaline, investors’ love for subscription businesses only grew by leaps and bounds. Then suddenly, the world woke up from its stupor….
Noom Diet App Reaches $62 Million Settlement Over Automatic Subscription Renewals
February 15, 2022
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NEW YORK—Noom Inc. reached a $62 million settlement of a lawsuit accusing the weight loss app provider of tricking customers into signing up for “risk-free” trial periods only to force them into automatic, costly renewals that were difficult to cancel. The preliminary settlement filed on Friday night in Manhattan federal court calls for Noom to…
Google Announces Pixel 6 Phone With New Chip, Subscription Service
October 21, 2021
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Alphabet Inc.’s Google on Tuesday announced the newest iteration of its smartphone—Pixel 6 and Pixel 6 Pro—which will be powered by the company’s first chip called Tensor. The tech giant also launched Pixel Pass, a subscription service starting at $45 per month for U.S. customers that will include the Pixel 6 and access to the…
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Increase Revenue Through Subscription Services
When one thinks of subscription services, the first thought that comes to mind is newspapers or magazines. While periodicals may have established the subscription model over a century ago, more and more businesses are successfully adopting it. From razor blades to socks, the subscription service model is more popular than ever. If your business is…
Twitter Considering Subscription Fees as Way to Diversify Revenue
Twitter is considering adding subscription fees as the company looks at diversifying its income streams. “Increasing revenue durability is our top company objective. You will see us continue to research and experiment with ways to further diversify our revenue beyond ads in 2021 and beyond,” Bruce Falck, revenue product lead at Twitter, said in a…
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