Elon Musk, the CEO of Twitter, announced on Thursday that Twitter users will now be able to offer their followers subscriptions to their contents
Users who provide subscriptions, an option accessible via the “Monetization” tab in settings, will get the full amount paid by subscribers, minus any fees imposed by platforms like as Android and iOS.
Twitter will not take a pay decrease for the first year.
“That’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on web (could be better, depending on payment processor),” Musk stated in a tweet.
He also added that Twitter will also help promote the creators’ work and maximize earnings.
Musk has been implementing changes to increase revenue at Twitter after the social media platform’s advertising revenue fell last year in the run-up to his on-again, off-again acquisition, which finalized in October.
Musk has made a number of product and organizational adjustments since taking charge.
The company launched Twitter-verified blue tick as a premium service and laid off around 80% of its staff.