Reuters | , Posted by way of Singh Rahul Sunilkumar
Twitter-owner Elon Musk mentioned on Thursday customers of the social media platform will have the ability to be offering their fans subscriptions to content material, together with long-form textual content and hours-long video.
Users providing subscription to their content material, a characteristic they are able to get admission to during the “Monetization” tab in settings, gets the entire cash subscribers pay with the exception of the fees platforms comparable to Android and iOS levy. Twitter won’t take a reduce for the primary 365 days.
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“That’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on web (could be better, depending on payment processor),” Musk mentioned in a tweet, including Twitter may also lend a hand advertise the creators’ paintings. and maximize profits.
Musk has been bringing in adjustments to spice up earnings at Twitter after the social media platform noticed promoting source of revenue drop closing yr within the run as much as his on-again-off-again acquisition that closed in October.
Since taking on, Musk has moved all of a sudden thru quite a few product and organizational adjustments. The corporate rolled out Twitter-verified blue ticks as a paid provider and reduced in size the employee-base by way of about 80%.
The social media company used to be now “roughly breaking even”, Musk mentioned in a Twitter Spaces interview on Wednesday.