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.
He had also said that the company will not take a cut for the first 12 months on content subscriptions.
Musk has been bringing in changes at Twitter to boost revenue after the platform saw advertising income drop last year in the run up to his $44 billion acquisition that closed in October.
He added that the company’s cut from subscriptions on iOS and Android platforms will drop to 15% in the second year from 30% in the first.
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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.
He had also said that the company will not take a cut for the first 12 months on content subscriptions.
Musk has been bringing in changes at Twitter to boost revenue after the platform saw advertising income drop last year in the run up to his $44 billion acquisition that closed in October.
He added that the company’s cut from subscriptions on iOS and Android platforms will drop to 15% in the second year from 30% in the first.
Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here!