Twitter CEO Elon Musk stated on Friday that the social media platform will take a ten % reduce on content material subscriptions after the primary 12 months, as the corporate seems to be to monetize content material on the web site in a bid to diversify its income sources.
Earlier this month, billionaire proprietor Musk stated customers of the social media platform would have the ability to supply their followers subscriptions to content material, together with long-form textual content and hours-long video.
He had additionally stated that the corporate is not going to take a reduce for the primary 12 months on content material subscriptions.
Musk has been bringing in adjustments at Twitter to spice up income after the platform noticed promoting earnings drop final 12 months within the run as much as his $44 billion (almost Rs. 3,59,700 crore) acquisition that closed in October.
He added that the corporate’s reduce from subscriptions on iOS and Android platforms will drop to fifteen % within the second 12 months from 30 % within the first.
A couple of days again, Musk has additionally made an vital announcement relating to the blue tick verified accounts on Twitter. In a collection of updates that Musk has launched to Twitter after his takeover, he has additionally added a pointer to his updates about getting verified accounts prioritized.
After Twitter started eradicating blue ticks from the accounts of a number of celebrities and well-known personalities, solely these accounts which paid for the blue tick could possibly be seen as verified. Nevertheless, as a number of accounts have began paying, the announcement from Musk will certainly encourage others to hitch the bandwagon.
The blue tick served as a means of defending well-known people from impersonation and tackling false info.
© Thomson Reuters 2023