Twitter's new per-article payment system is announced by Elon Musk

On Saturday, Elon Musk, CEO of Twitter, revealed that media publishers would soon be able to charge users on a per-article basis with a single click on the social media platform. He believes that this change will be advantageous to both the public and media organizations.

Set to debut in May, the upcoming feature will enable users to purchase individual articles at a premium price without committing to a monthly subscription." Musk wrote in a recent tweet.

"Should be a major win-win for both media orgs & the public," he concluded.

On Friday, Musk disclosed that Twitter would collect a 10% fee on content subscriptions following the first year, but no commission would be charged during the initial 12 months.

"And what about the authors who contribute such articles? In India, authors are paid minimal, and even nothing most of the time, even when they contribute very good articles. Even the royalty amount for a best-seller book is a meager 10%. And it's across the board..." a user commented on Musk's tweet.

Musk has previously expressed feeling like he's been continuously targeted by the public since he bought Twitter for $44 billion last year. The tech magnate has faced backlash for reinstating Donald Trump's account, which had been banned earlier and abolishing Twitter's long-standing verification program, among other concerns.

Last Friday, Musk joined Bill Maher on "Real Time With Bill Maher" to discuss his contentious purchase of the social media platform.

Although Musk didn't specifically comment on the criticism surrounding his Twitter Blue initiative that grants verification checkmarks to users who pay a monthly fee, he contended that he had to

As Musk endeavors to encourage more creators to utilize the social media platform, Twitter has revealed its pay-per-article feature. In an effort to monetize their content, creators across the globe are being urged by Musk to explore the possibilities of Twitter Subscriptions. It is promised that for the first year, Twitter will not claim any revenue from Subscriptions.

In the lead-up to his acquisition of Twitter for $44 billion, which was finalized in October, Musk has implemented modifications aimed at increasing the platform's revenue. This was necessitated by the fact that advertising revenue had declined on the platform the previous year.

Musk stated, "I believe the situation is relatively stable at the moment. It was swiftly heading towards bankruptcy after the acquisition, so I had to take drastic action. I had no other options."

SUMMARY

Elon Musk has announced that media publishers will soon be able to charge Twitter users on a per-article basis without requiring them to subscribe to a monthly service. The feature, set to debut in May, will allow users to buy individual articles at a premium price, with Twitter collecting a 10% fee on content subscriptions after the first year. Musk believes the change will benefit both media organizations and the public. However, a user raised concerns about author payment, particularly in India, where authors are paid very little. Musk has faced criticism for his actions since buying Twitter last year, including the reinstatement of Donald Trump's account and the abolition of the verification program.

KEY POINTS

• Per-article payment system.
• Benefits for both the public and media organizations.
• purchase individual articles.
• per-article payment system debut in May.
• No monthly subscription.
• win-win for both media orgs & the public.
• Twitter would collect a 10% fee on content subscriptions
• no commission would be charged during the initial 12 months.
• Elon Musk targeted by the public since he bought Twitter for $44 billion last year.
• backlash for reinstating Donald Trump's account.
• Twitter Blue initiative that grants verification checkmarks who pay a monthly fee.
• Elon Musk take extreme measures for the platform to prevent bankruptcy.
• Musk endeavors to encourage more creators