To the delight of content creators, Twitter CEO Elon Musk has announced the social media platform will start sharing ad revenue with content creators. Elon Musk announced this in a tweet when he said content creators will get rewarded for all the ads that appear under their content. Despite the announcement, Elon Musk and his team have not provided many details on how it will work.
The major information given out by Elon Musk is that only creators with a Twitter blue subscription will be eligible for their offer. Currently, the Twitter blue page does not contain any information regarding the new announcement by Elon Musk. Also, every means to reach the Twitter communications team have proved abortive, as the company no longer has one.
In a post on Twitter, Elon Musk said, "Starting today, Twitter will share ad revenue with creators for ads that appear in their reply threads. To be eligible, the account must be a subscriber to Twitter Blue Verified."
Twitter users with the blue subscription already see fewer ads than those who didn't subscribe to the service. But the added incentives by Twitter CEO will allow creators with Twitter blue to earn on the platform. Many A-list content creators, such as Mr. Beast, have excitedly commented on the announcement. Many see it as a welcomed development as it will help reward creators' hard work on the platform.
To subscribe to Twitter blue, users must pay about $8 if using an Android device and around $11 if they use iOS monthly. Upon subscribing to Twitter blue, users will be eligible for perks such as lesser ads on the platform, and the ability to bookmark folders and edit their tweets. They will also get the option to post long videos on the platform.
The newly added rewards by Twitter will surely bring back more content creators to the platform as they will be looking forward to earning from the incentives. Twitter blue subscription is also set to increase as many will want to partake in the ad revenue. However, the micro-blogging platform also recently announced intentions to have developers pay for accessing its API.
Elon Musk Free From a Lawsuit
Ever since Elon Musk took over Twitter, his legal troubles have increased as there have been cases from firms and individuals who are unhappy with some of his decisions. However, long before Elon Musk became a Twitter CEO, he had a case from 2018 that he has now been acquitted of.
The legal battle came from a tweet he made in 2018, claiming that he had "funding secured" to take Tesla private for $420 each share. After a weeks-long trial in San Francisco, a jury finally declared that Elon Musk wasn't guilty of the losses Tesla investors sustained due to the tweets.
The verdict from the judge was huge news for Elon Musk as he was on the verge of paying billions of dollars in damages. After losing so much in 2022, additional costs running into billions would have been a bad start to the new year. Shortly after the news got to the public that Elon Musk had been acquitted of all the charges, he came online to share the news with his followers.
He tweeted, saying, "Thank goodness, the wisdom of the people has prevailed! I deeply appreciate the jury’s unanimous finding of innocence in the Tesla 420 take-private case."