Elon Musk also revealed plans to generate revenue from content on its platform by taking a 10 percent cut on content subscriptions.
Elon Musk, the CEO of Twitter, has declared that users will be able to pay for individual articles with just one click on the social media site, which he feels will be advantageous for both consumers and media organizations.
This month, Musk plans to roll out a feature that will let customers who choose not to “sign up for a monthly subscription” “pay a higher per article price for when they want to read an occasional article,” Musk wrote in a tweet.
Prior to Musk’s announcement about the new feature, he revealed plans to generate revenue from content on its website by taking a 10 percent cut on content subscriptions after the initial year.
Additionally, he had stated that the business would not deduct any money from the first year of content subscriptions.
Musk changed a number of products and organizational structures as soon as he took over the social media firm in October. These included cutting the workforce by about 80% and launching a paid, Twitter-verified blue tick service.
Following a decline in advertising income the year before he finally acquired the company after protracted negotiations, Musk’s goal has been to increase Twitter’s revenue generation.