Twitter to allow publishers to charge users on a per article basis starting May
The Hindu
Elon Musk had said that Twitter will take a 10% cut on content subscriptions after the first year, noting that the company will not take a cut for the first 12 months
Twitter Inc CEO Elon Musk said on April 29 that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations.
The feature, to be rolled out in May, will enable users who do not "sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article," billionaire owner Mr. Musk tweeted.
On Friday, Mr. Musk had said that Twitter will take a 10% cut on content subscriptions after the first year, noting that the company will not take a cut for the first 12 months. These subscriptions include long-form text and hours-long video.
Since taking over the social media firm in October, Mr. Musk has swiftly moved through a number of product and organizational changes. The company rolled out Twitter-verified blue tick as a paid service and shrunk the employee base by about 80%.
Mr. Musk has been bringing in changes to boost revenue at Twitter after the social media platform saw advertising income drop last year in the run-up to his on-again-off-again acquisition that closed.
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