Since taking over the firm in October last year Elon Musk has looked to incentivise users to pay for an enhanced service, which is now called X Premium. Some users now opt to pay $8 per month for the blue check subscription service.Mr Musk’s rapid changes, including mass layoffs and disbanding content moderation teams, has led to advertisers halting ads on the service. Elon Musk has said his social media platform X, formerly known as Twitter, will launch two new tiers of premium subscriptions. It comes as the firm started charging new users $1 in New Zealand and the Philippines for accessing the platform. Will this be a positive move on X revenues ?