On Friday, Twitter CEO Elon Musk shared the exciting news that Twitter will be diversifying its revenue streams and monetizing content on the service by taking a 10% cut on content subscriptions after the first year.
Exciting news! Earlier this month, Musk, the billionaire owner of the social media platform, announced that users will now have the opportunity to offer subscriptions to their followers for long-form text and hours-long video content.
That’s great news! The company will be offering content subscriptions for free during the first year.
Despite a drop in advertising revenue on Twitter last year, Musk has been making changes to increase revenue since his $44 billion (nearly Rs. 3,59,700 crore) acquisition in October.
It’s great news that after the first year, the company’s cut of iOS and Android subscriptions will decrease from 30% to 15%!
Musk’s recent revelation about Twitter’s blue tick verified accounts is a positive development. Musk’s recent changes to Twitter, such as prioritizing verified accounts, are a positive step forward.
Twitter has made changes to its verification process, allowing more users to obtain the blue verification tick. Musk’s declaration is sure to inspire more people to join the bandwagon, as many accounts have already started paying.
The blue tick serves an important purpose in preventing impersonation of public figures and combating the spread of misleading information.