The emblem and buying and selling image for Twitter is displayed on a display screen on the ground of the New York Inventory Alternate (NYSE) in New York Metropolis, July 11, 2022.
Brendan McDermid | Reuters
Twitter not too long ago launched a brand new function that lets its Blue subscribers tweet as much as 10,000 characters in messages that can even assist daring and italic formatting.
The brand new options enable for a lot longer-form writing that is extra much like an essay than the brief snippets of textual content that outlined Twitter for years. Twitter had a 140-character restrict for years, earlier than doubling it in 2017 to 280 characters.
Twitter Blue is the corporate’s subscription product that provides extra options than the free model, together with a blue checkmark. It prices $8 per 30 days should you join by means of Twitter.
“We’re bettering the writing and studying expertise on Twitter! Beginning as we speak, Twitter now helps Tweets as much as 10,000 characters in size, with daring and italic textual content formatting,” the Thursday announcement learn. “Join Twitter Blue to entry these new options, and apply to allow Subscriptions in your account to earn revenue straight on Twitter.
Twitter can be increasing its monetization choices, permitting customers to subscribe to their favourite content material creators in change for subscriber-only content material. The subscriber-only mannequin is much like choices from companies like Substack.
Musk stated that creators would obtain the lion’s share of subscription revenue.
“You’ll obtain no matter cash we obtain, in order that’s 70% for subscriptions on iOS & Android (they cost 30%) and ~92% on net (could possibly be higher, relying on cost processor),” the Twitter, Tesla, and SpaceX CEO tweeted. “After first yr, iOS & Android charges drop to fifteen% and we’ll add a small quantity on prime of that, relying on quantity. We can even assist promote your work. Our purpose is to maximise creator prosperity.”
Musk additionally launched a subscription product for his personal account, charging customers $4 a month to view his non-public subscription-only Tweets.