Twitter will let media publishers charge users for reading articles next month, Elon Musk says
Twitter will now allow media publishers to charge users for reading articles on the social media platform starting next month, the company’s CEO Elon Musk said on Saturday.
Billionaire owner Musk announced the new initiative on Twitter, calling it a “win-win” for both media organizations and the public.
“Launching next month, the platform will allow media publishers to charge users per article with one click,” Musk said.
“This allows users who wouldn’t subscribe monthly to pay a higher article price when they want to read the occasional article,” he added.
Rolling out next month, this platform will allow media publishers to charge users on a per article basis with one click.This enables users who would not sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article.…
— Elon Musk (@elonmusk) April 29, 2023
This is because the social media giant is looking to monetize website content to diversify its revenue streams.
On Friday, Musk announced that Twitter would cut content subscriptions by 10 percent after the first year.
Earlier this month, Musk said users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hour-long video.
He had also said that the company would not take cuts in content subscriptions for the first 12 months.
Musk has brought changes to Twitter to boost revenue after the platform’s ad revenue fell last year following his $44 billion acquisition that closed in October, according to Reuters.
He added that the order cut for the company’s iOS and Android platforms will drop to 15 percent in the second year from 30 percent in the first.
In another development, the Twitter accounts of NDTV and news agency ANI were shut down on Saturday after their main handles were locked and no specific reason was given, Reuters said.
So those who follow @ANI bad news, @Twitter has locked out India’s largest news agency which has 7.6 million followers and sent this mail – under 13 years of age! Our gold tick was taken away, substituted with blue tick and now locked out. @elonmusk pic.twitter.com/sm8e765zr4— Smita Prakash (@smitaprakash) April 29, 2023
ANI reporter Smita Prakash tweeted a screenshot of the news agency’s handle being locked, and the Twitter post stated that the account “does not meet the age requirements” to be on the platform and will be removed.
Hi @elonmusk, Twitter has blocked @ndtv (India’s most-followed English news handle). The account has been run by journalists since 2009. Please help restore it. Many thanks, Team NDTV— NDTV India (@ndtvindia) April 29, 2023
NDTV’s other account @ndtvindia tweeted that their main handle was blocked and tagged Twitter CEO Elon Musk’s official handle and asked for the suspended account to be reinstated.
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