Elon Musk, owner of Twitter, confirmed Thursday that users of the social networking platform will be able to provide their followers with content that includes long texts and video clips of up to hours in exchange for financial subscriptions.
Users who enjoy this feature, which they can activate through settings, will get all the money paid by subscribers except for the fees deducted by Android and iOS systems. Twitter will not receive a percentage of the revenue for the first 12 months.
“This is 70 percent for subscriptions on iOS and Android (they get 30 percent) and 92 percent for browsing online (may be better, depending on payment medium),” Musk said in a tweet. He added that Twitter would also help promote the work of creators and boost profits.
Google rejected Musk’s claim in an email, saying it had lowered service fees for all subscriptions on Google Play to 15%, down from 30% in 2022.
Musk made adjustments to the company to increase revenues after the social media platform saw a drop in advertising income last year in the run-up to the October takeover.
Since Musk took over the company, he has quickly made a number of changes to the organization and products. The company introduced the blue check mark as a paid service and reduced the number of employees by about 80%.