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Elon Musk has announced major changes on the micro-blogging site Twitter on Saturday. He tweeted that now media publishers will be allowed to charge users for reading articles on social media platforms from next month.
After the roll out of this feature, Twitter users will have to take a monthly subscription to read the article. On the other hand, users who want to read articles occasionally will have to pay a charge per article. Elon Musk called it a big win for the media organization and the public.
content creators can earn money through twitter
Twitter tweeted from the official account that ‘Creators from all over the world can now sign up and earn on Twitter. To apply today, tap on Monetization in Settings. However, only those creators who have at least 500 followers in their account will be able to earn money through this. While the account is verified, it should be active for the last 30 days.
Support content creators from around the world
Commenting on Twitter’s tweet, Elon Musk said that support content creators around the world! This is a major source of income for many people. This encourages them to spend more time creating great content for you.
How will the monetization program work for content creators?
Elon Musk tweeted on April 14 that ‘Apply your followers to offer subscriptions to any material from longform text to hour-long videos. Just tap on “Monetization” in Settings. Twitter will not take any share of the monetization earnings for the next 12 months. However, Android and IOS charge 30% fees. This charge will be deducted from the income of the creator. The charge on the web is closer to 8%.
After the first year, the ‘IOS and Android fees will be reduced by 15%. Apart from this Twitter will add a small fee on top of that based on the volume. Twitter will also help in promoting your work.
Musk said – Our goal is to maximize the prosperity of the creator. At any time, you can leave our platform and take your work with you. Easy in, easy out.
Twitter returned bluetick to many users without subscription
On April 21, Twitter removed the blue ticks of all those who had not subscribed to Twitter Blue. However, two days later, on April 23, Twitter returned blue verification badges to people who had more than 1 million followers. The names of some people who have died are also included in those who get Blue Tick again. These include names like Sushant Singh Rajput, Irrfan Khan, Rishi Kapoor.
Blue subscription costs Rs 650 for web users
Musk wants to strengthen Twitter financially by the end of 2023. They have modified some services like blue subscription to increase revenue. The Blue subscription service costs Rs 900 per month for Android and iOS mobile users in India. Web users can avail Blue subscription service for Rs 650 a month.
Musk does not want to depend on advertisers
Musk has made these changes to increase revenue on Twitter. They do not want to depend only on advertisers to earn from their platform. For this reason, they have also launched Blue subscription plans worldwide. Musk bought Twitter in October last year for $44 billion. Then Musk had told that the company is suffering a loss of about Rs 32 crore every day. To compensate for this loss, Musk has changed Twitter’s strategy.
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