Elon Musk Pushes Monetization For Twitter Users With New Features

Elon Musk talks further about Twitter monetization: Details

Twitter is now allowing its users to offer their followers subscriptions for any content "from long-form text to hours-long video.”

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As per Elon Musk’s recent tweet, Twitter won't keep any of the money users make from subscriptions for the first 12 months.

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It means that the users will be able to keep at least 70% of what they make after settling the app store fees. However, no further details have been revealed about this plan.

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After the first year, the app store charges will drop to 15% and Twitter will levy a small amount on top of that, depending on volume.

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Musk also mentioned that the platform’s main focus currently is to maximize creator prosperity and assist with their promotion.

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To make the monetization plan work, Twitter is going head-to-head with the newsletter company, Substack, which has similar money-making options.

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This move from Twitter is a way to woo more content creators to the platform and retain the ones who are already there.

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