News Summary

Elon Musk’s X is facing global scrutiny after announcing a significant 37.5% price hike for its Premium+ subscription service. The monthly cost will rise from $16 to $22 in the United States, marking the largest increase since Musk acquired the platform in 2022. International markets are also affected, with Canada seeing a price jump from $20 to $29, while users in the European Union will pay €21, up from €16. Some regions experience even more dramatic increases, such as Nigeria where prices soar from ₦7,300 to ₦34,000, and Turkey where the price goes from ₺300 to ₺770. The price adjustment is aimed at enhancing the user experience, according to X, although existing subscribers will enjoy current rates until January 20. The move follows a similar trend seen with other tech platforms like YouTube.