The new changes made to the platform aim to help users engage more with their followers and make money from new sources on Twitter.
Elon Musk has made it possible for people to earn money from their posts on Twitter.
Musk has made several changes to Twitter to make it profitable, such as firing many employees and offering Twitter Blue subscriptions. Some people were unhappy about paying for a ‘Blue checkmark’ on Twitter, but Musk thought it was a good way to make money.
Twitter has made changes to allow users around the world to earn money by monetizing their posts. This is meant to encourage people to interact more on the platform and help Twitter make more money.
Content creators can now enable subscriptions to their text, pics & video worldwide on this platform! https://t.co/XzrFMLPytB
— Elon Musk (@elonmusk) April 28, 2023
Twitter’s ‘Subscriptions’ feature allows users to charge their followers a monthly fee from a list of different price options provided by Twitter. After paying, subscribers get to see exclusive content that is not available to the general public.
Twitter is going to give creators most of the money they earn from subscriptions. They can keep up to 97% of the revenue until they earn $50,000, after which they will keep 80% of the revenue. Twitter will work with Stripe, a payment processor, to pay the creators.
Creators on Twitter can only start receiving revenue from their subscribers once they reach a minimum of $50 in earnings. Once the subscribers start paying, the service is non-refundable, even if the creator’s account is suspended. If an account is suspended, subscribers need to manually unsubscribe to avoid paying for inactive accounts.
People on Crypto Twitter who have a lot of followers and are trusted are happy about the new feature that allows them to make money from their posts.
Musk’s efforts to change Twitter will include using AI to find and prevent false information on the social media site.
In the months ahead, we will use AI to detect & highlight manipulation of public opinion on this platform.
Let’s see what the psy ops cat drags in …
— Elon Musk (@elonmusk) March 18, 2023
Musk bought about 10,000 graphics processing units (GPUs) to create the AI tools, even though he has previously cautioned about the dangers of AI development.
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