Twitter to stop free access to its API soon, will start offering a paid version to developers – Times of India

Tesla CEO Elon Musk took over the social media platform, Twitter in October 2022. Since the controversial acquisition, both Musk and Twitter have been over the news for several reasons including mass layoffs, Twitter Blue subscriptions and other cost-cutting policies. The social media platform has now announced that it will stop offering free access to its API (Application Programming Interface) starting February 9. Instead, Twitter will start offering a paid version of its API. A series of tweets shared from the Twitter Developer account announced that the company will discontinue support for both the legacy version 1.1 and the new version 2 of its Twitter APIs.
Twitter boasts its data set
The social media platform said: “Over the years, hundreds of millions of people have sent over a trillion Tweets, with billions more every week.” Twitter also claimed that its “data are among the world’s most powerful data sets.” Twitter mentioned that it is “committed to enabling fast and comprehensive access” so that users can continue to build with the company. The micro-blogging site has also promised to get back with more details on what users can expect next week.
How Twitter users have reacted to this decision
Twitter users have also reacted to the company’s latest decision. A user commented, “charging developers for creating features for your own product? lol, you should be paying them.”

Another user added that Twitter’s API didn’t update for like 3 months since the takeover. The user even mentioned that the company also suspended a “legit 3rd party app” The user continued, “even Facebook and YouTube API are free and they are updated.”

Twitter’s under Elon Musk: Upcoming changes
Twitter is now working on a payment system that will support accepted currencies. This new payment system will also come with crypto functionality embedded into it. According to a report in The Financial Times, the payments feature will initially support fiat currencies.
Fiat money is a type of currency that is declared legal tender by a government. However, these currencies don’t have any intrinsic or fixed value and are not backed by any tangible asset, like gold or silver.
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