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Twitter to take 10% cut on content subscriptions after 12 months (April 28)

Variety

01-05-2023 | 06:21

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Twitter to take 10% cut on content subscriptions after 12 months (April 28)

Twitter Inc. CEO Elon Musk said on Friday that the social media platform will take a 10% cut on content subscriptions after the first year, as the company looks to monetize content on the website in a bid to diversify its revenue sources.

Earlier this month, billionaire owner Musk said users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video.

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