Twitter Chief Executive Elon Musk said on Friday, that Twitter is going to share revenue from advertisements with some of its content creators.
The revenue will be shared from the revenue generated from the ads. The user must be a subscriber of Blue Verified, Musk said.
Elon Musk Says, Twitter to Share Ad Revenue with Some of Its Content Creators
Elon Musk further said that the details about the portion of the revenue will be revealed shortly to the users. Twitter got commercials amid worries about Musk’s approach to content moderation rules, which generated revenue.
After taking the charge Twitter had seen a massive drop in the revenue and blamed activist groups for forcing advertisers.
Twitter CEO Musk has focused on reducing costs and introducing new plans for Twitter Blue subscription service, which offers the desirable “verified” badge.
Reports states that Twitter is working on ways to introduce payments on the social media platform. And Twitter has started applying for regulatory licenses for the process.
The company has experienced big a drop in advertising revenue, following his $44 billion (roughly Rs. 3.6 lakh crore) takeover of the company in October.
Musk has already confirmed that acquiring Twitter is part of a master plan to create “the everything app”. The app is going to implement all services including, peer-to-peer payments, social networking, and e-commerce shopping.