According to a recent tweet by Elon Musk, Twitter users can now monetize “any material” and keep all profits for 12 months.
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After all but declaring war on publishing platform Substack, Twitter CEO Elon Musk announced on Thursday that users can now offer their followers the option of subscribing to ‘any material, from longform text to hours long video!’
What’s more, Twitter won’t keep any of the profit, according to Musk.
“For the next 12 months, Twitter will keep none of the money,” he tweeted, adding “You will receive whatever money we receive, so that’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on web (could be better, depending on payment processor).”
According to guidance issued to staffers via an email obtained by Axios, the White House refused to pay $8 for Twitter Blue verification.
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Musk’s appearance in the online wars reminds me of Kristi Yamaguchi’s past appearance on “Dancing with the Stars.” Just as before, competitors may as well quit while they’re ahead.