Twitter Lets Users Charge Access Fees

Twitter users can now charge for access to their content.

Photo Insert: The Musk-owned company has been trying to lure users back to the social media platform, which has bled so much it is now valued at $20 billion.

The technical aspects of the plan aren’t clear yet, but for the first 12 months, Twitter won’t keep any of the money users make from subscriptions, Andrea Guzman reported for Data Sheet.

This monetization plan that competes with Substack’s comes after the site launched a Notes feature that offers a public feed similar to that of Twitter.

The Musk-owned company has been trying to lure users back to the social media platform, which has bled so much it is now valued at $20 billion, more than 50% lower than its $44 billion purchase price.

Digital media conglomerate Starboard has acquired Parler, a platform that became popular after Twitter and Facebook banned Donald Trump after the Jan. 6 Capitol riot. Starboard plans to take the app down and launch a new version of the social network.

The financial terms of the acquisition haven’t been disclosed, but Starboard expects the deal will be accretive by the end of the second quarter this year.

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