Twitter set to monetize content for users – Check the facts

Twitter owner Elon Musk has called on users of Twitter to apply to offer their followers subscriptions of any material, from long-form text to hours-long video.

In a Tweet by Elon Musk cited by GhanaEducation.Org, he indicated that the service will ensure all the earnings accruing are paid to the person or business that uploaded the content.

Twitter set to monetize content for users – Check the facts

Answering questions on the monetization of content, he added that “For the next 12 months, Twitter will keep none of the money. You will receive whatever money we receive, so that’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on the web (could be better, depending on the payment processor).”

“After the first year, iOS & Android fees drop to 15% and we will add a small amount on top of that, depending on volume. We will also help promote your work. Our goal is to maximize creator prosperity. At any point, you can leave our platform and take your work with you. Easy in, easy out.’

A Twitter user asked… “Is there a minimum frequency of content production required?”

Elon Musk indicated that there was no minimum frequency of content production required.

However, the service is currently not available outside the US, but Twitter is working on that to ensure global users of Twitter outside the United States are able to use the service.

READ: Twitter to let users offer content subscriptions in monetization push

From all indications, Twitter is set to monetize content for users.