Last Update: April 14, 2023, 01:41 AM IST
Since taking office, Musk has moved rapidly through a number of product and organizational changes. (file photo)
Musk is bringing changes to Twitter to boost revenue after the social media platform saw advertising revenue decline last year
twitter owner Elon Musk It said on Thursday that users of the social media platform will be able to offer their followers subscriptions for content, including long-form text and hours-long video.
Users offering subscriptions, a feature they can access through the “Monetization” tab in Settings, will get all the money paid by the subscriber in addition to what platforms charge like Android and iOS Levy. Twitter won’t make the cut for the first 12 months.
“It’s 70% for subscriptions on iOS and Android (they charge 30%) and ~92% on the web (could be better depending on payment processor),” Musk said in a tweet. and maximize earnings.
Musk is bringing changes to Twitter to boost revenue, as the social media platform saw a decline in advertising revenue last year during its on-again, off-again acquisition that closed in October last year.
Since taking office, Musk has moved rapidly through a number of product and organizational changes. The company started the Twitter-verified Blue Tick as a paid service and reduced the employee-base by about 80%.
The social media firm is now “roughly breaking even,” Musk said in a Twitter Space interview on Wednesday.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
