Twitter owner Elon Musk informed about the launch of user-generated content monetization on the platform. During the year, authors will receive money from subscribers minus the commission from payment systems: iOS and Android charge 30% each.
Users will be able to offer a subscription to both text and one-hour videos. To do this, in the settings you will need to click on “Monetization”.
After the first year, the iOS and Android commission will drop to 15%, but Twitter will add its own, which will be “small” in size, but Musk did not name a specific amount.
Twitter will promote the content, authors may leave the platform at any time of their own free will.
- Elon Musk became head of Twitter at the end of October last year, acquiring the company for $44 billion. According to the WSJ, by the end of 2022, the social network’s revenue had collapsed by 40% due to the departure of big advertisers.
- The businessman had to take out a $13 billion loan with more than $1 billion in annual interest to close the deal, and the first payment on the loan had already been made.
- In April 2023, Twitter lost its status as an independent company. The merger resulted in the company becoming part of a new conglomerate called X Corp. Representatives for the social network did not make official statements about the new status.
Author:
karina pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
