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Users offering the subscription, a feature they can access
through the "Monetization" tab in settings, will get all the
money subscribers pay apart from the charges platforms such as
Android and iOS levy. Twitter will not take a cut for the first
12 months.
"That's 70% for subscriptions on iOS & Android (they charge 30%)
and ~92% on web (could be better, depending on payment
processor)," Musk said in a tweet, adding Twitter will also help
promote the creators' work and maximize earnings.
Google rejected Musk's claim in an email to Reuters and said it
had lowered the service fee for all subscriptions on Google Play
to 15% from 30% in 2022.
Musk has been bringing in changes to boost revenue at Twitter
after the social media platform saw advertising income drop last
year in the run up to his on-again-off-again acquisition that
closed in October.
Since taking over, Musk has swiftly moved through a number of
product and organizational changes. The company rolled out
Twitter-verified blue tick as a paid service and shrunk the
employee-base by about 80%.
The social media firm was now "roughly breaking even", Musk said
in a Twitter Spaces interview on Wednesday.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Krishna
Chandra Eluri)
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