Elon Musk To Launch Twitter Monetization Avenues
According to recent News about Twitter Monetization, the latest user-centric revamp aims to enhance followers’ engagement. Also, all social media platforms create new revenue.
The CEO of Tesla, Elon Musk, made an announcement adding to the growing list of radical implementations to improve the bottom line of Twitter and promote citizen journalism. He said that creators can now monetize their content on the social media platform.
Key Takeaways:
- Elon Musk introduced Twitter monetization for content creators.
- Twitter content creators can earn monthly revenue through subscriptions and charge followers for exclusive content.
- Creators keep 97% of revenue up to $50,000 lifetime earnings, and 80% after that.
- Revenue share starts at $50, and the subscription fee is nonrefundable.
- Musk aims to redesign Twitter with AI to detect and deter misinformation, and bought 10,000 graphic processing units for upcoming AI tools.
Coingraph| News took to Twitter and made an announcement that Elon Musk initiated Twitter monetization avenues for content creators to make money on Platform.
Moreover, the company has taken several drastic measures to turn itself into a profitable business since the takeover of Twitter by Musk. These steps involve the introduction of Twitter Blue subscriptions and mass layoff.
At the same time, to get a blue checkmark on Twitter, previously verified individuals repel the ask for a monthly fee. Musk noticed that it is a much-needed revenue stream for the company.
However, the latest user-centric revamp allows users to monetize all forms of Twitter posts worldwide.
Zamir Khotov took to Twitter and made an announcement that Twitter content creators can now earn monthly revenue through subscriptions.
On Twitter, the subscription features allow the user of Twitter to charge followers monthly prices. Once they pay the subscription fee, the subscriber accesses the exclusive content of the creator. This content is not visible to the public.
Twitter will permit creators to keep 97% of the revenue up to $50,000 in lifetime earnings. After this permission, the revenue split will fall to 80% for the regulator. The social media giant collaborates with payment processor Stripe to pay out creators on Twitter.
However, the revenue share will begin when the user earns the minimum threshold of $50.
The subscription service fee is nonrefundable even if the creator’s Twitter account gets suspended for any reason. So, to avoid monthly auto payments, the users must mentally unsubscribe the inactive Twitter accounts.
Micheal Branch took to Twitter and made an announcement that Elon Musk, the CEO of Tesla, announced that content creator’s social media platform can now monetize their content.
The members of Crypto Twitter welcome the content creator subscriptions with wide open arms. These members have a massive following and garnered credibility after years of posting.
However, Musk’s ongoing initiative is to redesign Twitter. This involves Artificial Intelligence in detecting and deterring misinformation on social media platforms. To build upcoming AI tools, Musk purchased 10,000 graphic processing units. He did this despite the warning that the world is against AI development due to societal concerns.