Following in the footsteps of Facebook and YouTube, Elon Musk has introduced a monetization feature for content creators on Twitter. Content creators can now earn money on Twitter by enabling subscriptions for their text, images and videos across the globe.
Twitter CEO Elon Musk has taken a page from Facebook and YouTube’s books by introducing a monetization feature for content creators on the social media platform.
He tweeted that users can earn by posting text, pictures and videos by enabling subscriptions around the world.
To use the feature, content creators need to tap on the “Monetization tab” in Settings and apply to provide subscriptions to followers for any piece of content, from long-form text to hour-long videos.
The move comes after it was revealed that Elon Musk earns close to $100,000 (N46.25m) per month from his 24,700 followers on Twitter.
Now Elon Musk wants to allow users to earn as well, and he’s offering content creators a chance to receive all the money they earn in the first 12 months of their posts.
He wrote on Twitter: “Content creators may want to enable subscriptions on this platform. Just tap Monetization in Settings.”
In another post, Musk said: “After the first year, the iOS and Android fees drop to 15 percent and we’ll add a small amount on top of that based on volume.” “We will also help promote your work. Our goal is to maximize productive prosperity. You can leave our platform at any time and take your work with you. easy in, easy out”
Zuckerberg said users who sign up for Meta’s new system will get special stickers for Stories, Reels, 100 free monthly stars or digital currency that can be used to tip Facebook creators.