Twitter with its updated ownership has taken real measures to become the public scare everyone knows it could be with its latest pro-capitalism move. Elon Musk is working overtime to enhance the platform with innovative features and revamped old ideas.
Twitter is making a bold move in the social media sphere by launching a program that allows users to offer paid subscriptions to their content. This is a clear sign that Twitter is committed to more than just providing a platform for free speech; it wants all creators to have a voice on its platform.
The program, called “Subscriptions,” is similar to Twitter’s previous “Super Follows” tool, which allowed users to access subscription-only content.
This revamped approach is more promising as it promises to maximize the creator’s prosperity. And the best part? Twitter will keep none of the money for the next year, allowing subscribers to support their favorite voices.
In true capitalist style, Twitter CEO Elon Musk said that users can offer subscriptions for anything from long-form texts to hours-long videos. And for the first year, Twitter won’t take a penny from any of the subscriptions. This means creators will receive all the money they earn from the subscriptions they offer. Twitter also promises to promote these creators’ work, ensuring that their voices can be heard across the platform.
This new program offers a unique opportunity for conservative creators to monetize their work while simultaneously building a community of supporters that value their opinions. And with the ability to set monthly prices ranging from $2.99 to $9.99, creators can offer their work at a rate that works best for them.
It’s also worth noting that subscribers will earn up to 97% of the revenue Twitter collects from their subscriptions after in-app purchase fees, up to $50,000 in lifetime earnings. Even after the $50,000 threshold is passed, subscribers will still receive a healthy 80% cut of the revenue.
Earlier this week, Twitter CEO Elon Musk announced users could subscribe to “any kind of content, from longform text to hours-long video.”
Twitter’s new “Subscriptions” program is a dream come true for creators. It offers a chance to monetize their content and build a community of supporters they can connect with. The promise that Twitter will keep none of the money is also a huge plus, giving subscribers the peace of mind that their money is directly supporting their favorite creators. This is a bold move for Twitter, and we hope that other social media platforms follow suit and prioritize the prosperity of their voices.
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