Elon Musk Announces Content Subscriptions Feature For Twitter: All You Need To Know
Twitter recently launched content subscriptions that allow users to share specific content with their subscribers, including long-form text and even hours-long videos.
Elon Musk announced the feature on Thursday, saying that it may be accessed through the "Monetization" tab in settings.?Users who decide to offer the subscription will receive all the money subscribers pay apart from the charges levied by Android and iOS.
All money to go to creators
For the first 12 months, Twitter will not take any cuts. "That's 70 percent for subscriptions on iOS & Android (they charge 30 percent) and ~92 percent on web (could be better, depending on payment processor)," Musk wrote in a Tweet. Musk also added that Twitter would help creators promote their work and also maximise their earnings, although it's unclear how.
Also read:?Unaware Why Twitter Removed Tweets On BBC Documentary Critical Of Modi: Elon Musk
However, Google rebutted Musk's claim, according to Reuters. The company said that it had lowered the service fee for all Google Play subscriptions to 15% from 30% in 2022.?
This move comes after Elon Musk gave an impromptu interview to the BBC, accepting that Twitter had made some mistakes under his leadership. Over the last few months, Elon Musk has undertaken a slurry of changes at Twitter, including a revamped colour-coded verification mechanism, along with mass firings across the board.
Also read:?Elon Musk's Vision For Twitter Unfolds As X Corp. Absorbs Twitter Inc. In Merger
Musk recently confirmed that the company was now "roughly breaking even" and that he had let go of about 80% of all employees that worked at Twitter 1.0. Currently, Twitter is valued at about $20 billion, less than half of the $44 billion he paid for the company in 2022.
What do you think about the content subscription model - do you think it's a useful addition to Twitter's services? Let us know in the comments below.?For more in the world of?technology?and?science, keep reading?Indiatimes.com.
