Twitter, Netflix and other tech companies are finding out that “free” was never a good business model.
An interesting and revealing thing happened on Twitter in recent weeks. The infamous blue check mark, once a status symbol among people in media and others who spend time too much time online, took on a negative connotation. There are even hashtags shaming subscribers to the new fee-based “Twitter Blue.” On its face it’s not clear why; there should be no shame in paying for a better Twitter experience — especially if you spend many hours consuming it.
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Allison Schrager is a senior fellow at the Manhattan Institute and a contributing editor of City Journal.
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