Elon Musk, the billionaire entrepreneur and CEO of SpaceX and Tesla, recently showed his support for content creators on Twitter. In a tweet posted on May 9, 2023, Musk expressed his appreciation for those who create content on the platform.
Musk wrote, “Your support of content creators on this platform is very much appreciated.” He went on to reveal that Twitter keeps none of the subscription revenue for the first 12 months, and only takes a 10% cut thereafter. This means that content creators receive the vast majority of the revenue generated by their subscribers.
This move by Twitter and Musk is seen as a positive development for content creators who rely on social media platforms to monetize their content. With more and more people turning to social media as a source of income, the ability to earn a fair share of revenue is becoming increasingly important.
Twitter has been working on various initiatives to support content creators on its platform, including the introduction of the Super Follow feature that allows creators to charge a monthly subscription fee for exclusive content. The platform has also been exploring ways to improve discoverability of content and help creators build their audience.
Musk’s endorsement of content creators on Twitter is likely to further boost the platform’s efforts to support creators and attract more users to the platform. As a prominent figure in the tech industry and with millions of followers on Twitter, his words carry a lot of weight and influence.
Overall, this development is a positive step for content creators on Twitter and highlights the increasing importance of social media platforms in the world of content creation and monetization.