Elon Musk announced that starting next month, Twitter users will have to pay a subscription fee to access news on the platform.
Elon Musk, CEO of Twitter
Instead of the traditional method of buying a monthly or yearly subscription, users will now be charged for each article they read. However, if they choose not to subscribe monthly, they may end up paying more. Elon Musk announced that this new platform will be launched next month, allowing publishers to charge users for individual articles with just one click. Musk believes this will benefit both publishers and readers who are not interested in a monthly subscription but occasionally want to read an article. It is unclear whether Twitter will be taking a portion of the subscription fees or if the money will go solely to the publishers. Some users also questioned whether publishers already using a paywall for subscription content will participate in this new service.
Why is Elon Musk charging for news on Twitter?
Elon Musk has cited two main reasons for charging for news on Twitter:
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