Listen to this articleThis Twitter feature, which will be available in May. It Will enables users who do not “sign up for a monthly subscription to pay an extra per article price for when they want to read an occasional article,” according to billionaire founder Musk.
Elon Musk, the CEO of Twitter Inc., announced on Saturday that media publishers will be able to charge readers per item with just one click on the social media platform. Musk dubbed this a win for both the general public and media organizations.
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According to Musk, this option will launch in May, which will allow users who do not “sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article,” to do so.
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In a statement on Friday, Musk noted that Twitter would not take a cut during the first year but that the firm will take a 10 percent cut thereafter. These subscriptions include hours-long videos and long-form writing.
Since taking over the social media company in October, Musk has made a number of quick organizational and product adjustments. The company reduced its workforce by around 80% and launched a Twitter-verified blue tick as a premium service.
Musk has been implementing adjustments at Twitter to increase revenue after the social media site’s advertising income fell last year as it prepared for his on-again, off-again acquisition that ultimately closed.
