Elon Musk is increasing the scope of his Twitter advertising platform. The big boss of the massive social network has made a public announcement that Twitter users will soon be able to make money through subscription. This allows users to send tweets, images, and videos exclusively to their paying subscribers.

In an effort to diversify revenue streams, Twitter, Tesla, and SpaceX CEO Elon Musk announced on Friday that the social media network would take a 10% cut on content subscriptions after the first year.

Content creators can now enable subscriptions to their text, pics & video worldwide on this platform! https://t.co/XzrFMLPytB

— Elon Musk (@elonmusk) April 28, 2023

Following news that the billionaire earns nearly $100,000 monthly from its 24,700 subscribers on Twitter, the decision to make the change was made. Now that Musk wants users to make money, too, he’s giving them a chance to keep all the money they make in the first year from their posts.

If successful, this idea might completely alter how people on the social media site monetize their material. Similar to how YouTube and Patreon artists sell their material, the new tool would let content creators earn money directly from their fans.

Following news that the billionaire earns nearly $100,000 monthly from its 24,700 subscribers on Twitter, the decision to make the change was made. Now that Musk wants users to make money, too, he’s giving them a chance to keep all the money they make in the first year from their posts.

Image: TechnoPixel

Drastic Measures By Elon Musk To Stay Relevant?

Since Elon Musk took control of Twitter, the company has implemented a number of drastic changes in order to become profitable, such as laying off a large portion of its workforce and launching a paid premium service called Twitter Blue.

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Author: Christian Encila

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