On Sunday, Elon Musk announced that beginning the following month, Twitter will enable news publishers to charge readers for individual articles with a single click
After unveiling new monetization capabilities for content creators, the CEO of Twitter is now looking to assist media houses in the midst of a global collapse. This meltdown has resulted in some publications laying off personnel and canceling programs.
According to Musk, “Rolling out next month, this platform will allow media publishers to charge users on a per-article basis with one click.” This feature will be available on the site when it becomes available.
Users who are not interested in subscribing on a monthly basis will be able to pay a higher price per article when they only want to read a single article rather than having to pay for a subscription.
Musk said this “should be a major win-win for both media organizations and the public.”
Twitter announced earlier on Saturday that its ‘Monetization’ tool is now available to creators all around the world, and that they are now able to sign up and begin earning a living on Twitter.
Musk has stated that 100% of the profits will be distributed to the original content providers, and Twitter will retain none of the money for the time being.
“We will keep 10 percent after 12 months, but iOS/Android subscription fees drop from 30 percent to 15 percent in year 2, so there is still a net gain to creators,” the CEO of Twitter revealed.
“This represents a vital source of income and enables them to put more time into creating great content for you,” he continued, referring to the fact that for many, “this represents a vital source of income.”
In the meantime, Twitter has also implemented ‘Community Notes’ for its advertising platform.
“The goal is to make this platform maximum truth-seeking, or, stated another way, the least untrue compared to everything else,” Musk added.