In a bid to monetize the recently acquired social media platform X, Elon Musk has introduced two new subscription plans, as reported by the New York Post. Formerly known as Twitter, X now allows users to opt for a Premium+ tier, offering an ad-free experience for a monthly fee of approximately $16.

According to the company's platform post, the Premium+ plan includes all the tools and features already available on X, with the additional benefit of no advertisements. This enhanced subscription package aims to cater to users who are willing to pay for a more streamlined and uninterrupted social media experience.

However, X also offers a basic tier priced at $3 per month, which does not guarantee an ad-free interface. This lower-cost option allows users to access the platform's functionalities but still exposes them to advertisements.

Since acquiring the social media platform for a staggering $44 billion in October 2022, Elon Musk has been actively exploring various avenues to capitalize on its vast user base. By introducing subscription plans, Musk aims to generate revenue while enhancing the user experience of those willing to invest in an ad-free environment.

With the launch of these premium subscription plans, X joins the growing trend of social media platforms seeking additional revenue streams beyond traditional advertising. As users become more discerning about the content they consume and the impact of advertisements on their online experience, platforms are adapting their business models to meet these evolving demands.

It remains to be seen how X subscribers will respond to these new subscription options, particularly the higher-priced Premium+ tier offering an ad-free experience. As Elon Musk continues to shape the future of X, these premium plans may play a pivotal role in the platform's growth and revenue generation in the months and years to come.