Twitter CEO Elon Musk stated on Friday that the social media platform will take a ten % reduce on content material subscriptions after the primary yr, as the corporate seems 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 will have the ability to provide their followers subscriptions to content material, together with long-form textual content and hours-long video.
He had additionally stated that the corporate won’t 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 yr within the run as much as his $44 billion (practically 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 yr from 30 % within the first.
Just a few days again, Musk additionally has made an essential 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 prioritised.
After Twitter started eradicating blue ticks from the accounts of a number of celebrities and well-known personalities, solely these account which paid for the blue tick might be seen as verified. However, as a number of accounts have began paying, the announcement from Musk will certainly inspire 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