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Elon Musk shares Twitter monetization opportunities for content creators

Published on

April 29, 2023
Read Time:2 Minute, 8 Second

Tesla CEO Elon Musk added to the rising record of radical implementations to enhance Twitter's backside line and enhance citizen journalism, saying that the social media platform is now permitting builders to monetize their content material.

Since Musk acquired Twitter, the corporate has taken a number of drastic measures to remodel itself right into a worthwhile enterprise, together with mass layoffs and the launch of Twitter Blue subscriptions. Whereas many beforehand verified folks retaliated on Twitter demanding a month-to-month price for a "blue tick," Musk noticed it as a much-needed income stream for the corporate.

The newest user-focused overhaul — which permits customers to monetize all kinds of posts on Twitter globally — goals to enhance follower engagement and create new income streams on the social media platform.

Content material creators can now activate subscriptions for his or her textual content, photographs and movies worldwide on this platform! https://t.co/XzrFMLPytB

— Elon Musk (@elonmusk) April 28, 2023

The Subscriptions function permits Twitter customers to cost followers a month-to-month value "from one of many value factors made obtainable by Twitter". As soon as paid, subscribers get entry to the creator's unique content material, which isn't seen to the general public.

Twitter will allow Creators can hold as much as 97% of earnings as much as a complete of $50,000, after which income share for creators drops to 80%. Social media has partnered with fee processor Stripe to repay creators on Twitter.

Nevertheless, income sharing begins solely after customers attain the minimal threshold of $50. The Subscription Providers are non-refundable even when a creator's Twitter account is suspended for any motive. In such eventualities, customers should choose ​​out manually to keep away from computerized month-to-month funds to inactive Twitter accounts.

Crypto Twitter members, who've earned credibility and an enormous following on Twitter by way of years of posting, welcome the launch of subscriptions for content material creators with open arms.

Associated: Elon Musk launches truth-seeking synthetic intelligence platform TruthGPT

Musk's ongoing initiatives to revamp Twitter additionally envision the usage of synthetic intelligence (AI) to detect and mitigate misinformation on the social media platform.

Within the coming months we are going to use AI to detect and spotlight the manipulation of public opinion on this platform.

Let's examine what the psy-ops cat drags in...

— Elon Musk (@elonmusk) March 18, 2023

Musk reportedly purchased practically 10,000 graphics processing models (GPUs) to construct upcoming AI instruments, regardless of warning the world about AI improvement as a result of societal considerations.



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : April 29, 2023
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