Twitter to permit publishers charge fees for articles, starting May
Micro-blogging social media platform, Twitter is set to allow media publishers charge users on a per article basis with one click.
The firm’s new owner and CEO, Elon Musk, who disclosed this weekend, described the move as ‘a win for both the public and media organisations.’
The feature, to be rolled out in May, will enable users who do not “sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article,” owner Musk, tweeted on the social media platform.
On Friday, Musk had said that Twitter will take a 10 percent cut on content subscriptions after the first year, noting that the company will not take a cut for the first 12 months. These subscriptions include long-form text and hours-long video.
Since taking over the social media firm in October, Musk has swiftly moved through a number of product and organisational changes.
The company rolled out Twitter-verified blue tick as a paid service and shrunk the employee base by about 80 percent.
Musk has been bringing in changes to boost revenue at Twitter after the social media platform saw advertising income drop last year.
