Twitter chairman Elon Musk says he will revise the frequency and size of Advertising on Twitter.

In a recent Twitter post, he said the social media platform plans to introduce a higher-priced, ad-free subscription model.

However, he did not give any details about the new subscription model or the costs of the proposed offer.

Twitter has bled advertisers with several high-profile companies since Musk acquired it Pause promotions on the platform.

In early January, the company said it would relax its advertising policy for cause-based advertising and adapt its advertising policy to TV and other media.

Last year, Twitter was relaunched the $8 Twitter Blue subscription Service. The revamped Twitter Blue version came with a default Blue tick and a new gold badge for verified official business accounts.

Also read: Elon Musk’s first tweet after Twitter layoffs: ‘No choice if company loses’

Musk has informed investors of a plan to improve the platform and strengthen its subscription offerings to become less dependent on advertisers.

For the quarter ended June 30, the company reported total revenues of $1.18 billion, of which $1.08 billion, or about 92%, came from advertising.

Twitter posted a net loss of $270 million compared to a profit of $66 million in the same period last year.

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