Twitter will allow users to apply to monetize their content—including long-form text and hours-long videos—through follower subscriptions in the latest change to the social media platform.
“Apply to offer your followers subscriptions of any material, from long-form text to hours-long video! Just tap on ‘Monetization’ in settings,” Twitter CEO Musk wrote in a tweet on April 13.
The industrialist and Tesla CEO noted that creators would receive all the money earned from their posts for the first 12 months and Twitter won’t take a penny.
“You will receive whatever money we receive,” Musk said. “So that’s 70 percent for subscriptions on iOS and Android (they charge 30 percent) and ~92 percent on web (could be better, depending on payment processor),” he added….