(Reuters) – Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users per article with a single click, calling it a win for both the public and the public. media organizations.
The feature, which will launch in May, will allow users who don’t “sign up for a monthly subscription to pay a higher price per article when they want to read the occasional article,” billionaire owner Musk tweeted.
On Friday, Musk said Twitter will take a 10% cut on content subscriptions after the first year, noting that the company won’t take a cut for the first 12 months. These subscriptions include long-form text and hour-long videos.
Since taking over the social media company in October, Musk has moved quickly through a series of organizational and product changes. The company implemented the Twitter verified blue tick as a paid service and reduced the employee base by approximately 80%.
Musk has been introducing changes to boost revenue at Twitter after the social media platform saw ad revenue plummet last year in the lead up to its on-again-off-again acquisition that closed.
(Reporting by Juby Babu in Bengaluru; Editing by Andrea Ricci)
(Only the headline and image in this report may have been modified by Business Standard staff; all other content is auto-generated from a syndicated feed.)
First posted: April 29, 2023 | 23:23 IS
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