Twitter customers can now provide paid subscriptions, says Elon Musk

Reuters | | Posted by Singh Rahul Sunilkumar

Twitter-owner Elon Musk stated on Thursday customers of the social media platform will have the ability to provide their followers subscriptions to content material, together with long-form textual content and hours-long video.

Elon Musk’s picture is seen via a Twitter brand on this illustration.(REUTERS)

Customers providing subscription to their content material, a function they’ll entry via the “Monetization” tab in settings, will get all the cash subscribers pay aside from the fees platforms equivalent to Android and iOS levy. Twitter won’t take a minimize for the primary 12 months.

ALSO READ: Elon Musk says Twitter ‘breaking even’ amid experiences of advert income droop

“That’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on web (could be better, depending on payment processor),” Musk stated in a tweet, including Twitter may also assist promote the creators’ work and maximize earnings.

Musk has been bringing in modifications to spice up income at Twitter after the social media platform noticed promoting revenue drop final 12 months within the run as much as his on-again-off-again acquisition that closed in October.

Since taking on, Musk has swiftly moved via a variety of product and organizational modifications. The corporate rolled out Twitter-verified blue tick as a paid service and shrunk the employee-base by about 80%.

The social media agency was now “roughly breaking even”, Musk stated in a Twitter Areas interview on Wednesday.

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