Twitter to take 10% cut of users’ content subscriptions

As Twitter seeks more revenue streams, Musk says the platform will take a 10% cut of the money generated by users who sell subscriptions to their content (such as long-form text and video), but only after the first year. He also mentioned a drop in iOS and Android subscription fees:

We will keep 10% after 12 months, but iOS/Android subscription fees drop from 30% to 15% in year 2, so still a net gain to creators.

Twitter is trying to boost revenue following a drop in its advertising income just as it was being purchased by Musk.

We will keep 10% after 12 months, but iOS/Android subscription fees drop from 30% to 15% in year 2, so still a net gain to creators

— Elon Musk (@elonmusk) April 28, 2023