Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Twitter opens applications to test new content subscription features

Published 06/22/2021, 02:12 PM
Updated 06/22/2021, 02:21 PM
© Reuters. FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo

By Sheila Dang

(Reuters) - Twitter Inc (NYSE:TWTR) said Tuesday it will seek applications from users who want to be the first to test new content subscription and ticketing features, as the social platform works to build more ways for users to earn money.

Twitter users can apply to get first access to "Super Follows," which will let them sell exclusive content to paying subscribers, and "Ticketed Spaces," to charge for entry into audio chat rooms they host on the platform.

Both features are part of Twitter's plan to compete with other social media companies to attract more influential content creators by letting them earn money from fan followings.

Users must have at least 10,000 followers on Twitter to be eligible to apply for Super Follows, and at least 1,000 followers to apply for first access to Ticketed Spaces.

The company aims to select "a diverse set of voices," from the applications, said Esther Crawford, senior product manager at Twitter.

© Reuters. FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo

The company will take a 3% cut of a creator's revenue until the user hits $50,000 in earnings, after which Twitter will keep 20%, in order to help up-and-coming creators earn more money at the start, Twitter said.

Crawford added that Twitter will focus on individuals who apply for the features, but will also consider brands, publishers and nonprofit organizations which have built an audience on Twitter.

Latest comments

Twitter is still around? Remember when everybody's parents started getting on Facebook and people left the platform, that is what has happened to Twitter. Just a bunch of leftists/democrats circle jer.king and spreading the message of their establishment masters.
of ppppp
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.