New feature on Twitter can now let publishers charge their readers for reading their articles
In May, Twitter will roll out a new feature that would let media providers charge users per story. Elon Musk, the CEO of Twitter, said in a tweet that this new platform will allow publishers to sell access to their content for a one-time payment rather than a full membership. With consumers having the choice to pay for sporadic items they find interesting and publishers making money from individual pieces, this feature is anticipated to be a “win-win” for both readers and publishers.
More updates on the new feature
The new feature’s specifics are still sketchy, including the launch date, the requirements for media outlets to join, and Twitter’s compensation % on each transaction. But Musk’s announcement has caused a stir in the tech sector, with many speculating on how this new feature might affect the future of media publishing.
Rolling out next month, this platform will allow media publishers to charge users on a per article basis with one click.
This enables users who would not sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article.…
— Elon Musk (@elonmusk) April 29, 2023
The reinstatement of former US President Donald Trump’s account, the launch of the Twitter Blue programme, and the most recent discontinuation of the verification programme are just a few of the scandals that have surrounded the social media site. Musk has addressed these concerns in a number of settings, including his recent appearance on Real Time with Bill Maher, when he justified his choices and claimed that, after purchasing Twitter for $44 billion, he had to take severe measures to prevent its bankruptcy.
Per-article fees have been implemented, which is a big milestone for Twitter and the media sector since it gives publishers another source of income and improves what users can access on the network.