Elon Musk introduces Twitter monetization avenues for content creators

Including to the rising checklist of radical implementations to enhance Twitter’s backside line and promote citizen journalism, Tesla CEO Elon Musk introduced that creators on the social media platform can now monetize their content material.

Ever since Musk’s takeover of Twitter, the corporate has taken a number of drastic measures to show itself right into a worthwhile enterprise, which embody mass layoffs and introducing Twitter Blue subscriptions. Whereas many previously-verified people retaliated the ask for a month-to-month charge to get a ‘Blue checkmark’ on Twitter, Musk noticed it as a much-needed income stream for the corporate.

The most recent user-centric revamp — which permits customers to monetize all types of posts on Twitter globally — is focused at bettering follower engagement and creating new income streams on the social media platform.

Content material creators can now allow subscriptions to their textual content, pics & video worldwide on this platform! https://t.co/XzrFMLPytB

— Elon Musk (@elonmusk) April 28, 2023

The ‘Subscriptions’ function permits Twitter customers to cost followers a month-to-month value “from one of many value factors made obtainable by Twitter.” As soon as, paid, the subscribers get entry to the creator’s unique content material, unviewable in public.

Twitter will allow creators to maintain as much as 97% of the income till $50,000 in lifetime earnings, following which the income cut up can be dropped to 80% for the creators. The social media has partnered with funds processor Stripe to payout the creators on Twitter.

Nevertheless, the income share will start solely after the customers earn the minimal threshold of $50. The subscription providers are non-refundable even when a creator’s Twitter account will get suspended for any cause. In such situations, customers are required to manually unsubscribe to keep away from auto-monthly funds to inactive Twitter accounts.

Members of Crypto Twitter, who’ve garnered credibility and a large following on Twitter owing to years of posting, welcome the introduction of content material creator subscriptions with arms large open.

Associated: Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT

Musk’s ongoing initiatives to revamp Twitter may even see using artificial intelligence (AI) to detect and deter misinformation on the social media platform.

Within the months forward, we’ll use AI to detect & spotlight manipulation of public opinion on this platform.

Let’s see what the psy ops cat drags in …

— Elon Musk (@elonmusk) March 18, 2023

Musk reportedly purchased nearly 10,000 graphics processing units (GPUs) to construct the upcoming AI instruments regardless of warning the world against AI development on account of societal considerations.

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