Twitter Working on Monetizing Tweets as per CEO Elon Musk
- Elon Musk said that they are working to let Twitter users make money off of their tweets.
- The business will begin sharing a portion of its advertising income with creators.
After his takeover of the social media company Twitter last year, Elon Musk implemented many of the promised reforms. Even Twitter’s CEO, Elon Musk, has already said that individuals would have the option to monetize their tweets. At that time, Dogecoin saw a spectacular surge in value.
On Saturday, one Twitter user announced that for the first time, the number of people who saw his tweets had surpassed 1 million. The catch? He has no idea how to make money off of it. There was a 102.8% increase to 1.37 million impressions via tweets. Billy “Shibetoshi Nakamoto” Markus, creator of the meme coin Dogecoin, asked to inform him even if he finds out a way to transform tweets into money.
Advances Towards Creator Economy
Elon Musk said that they are working on a solution to let Twitter users make money off of their tweets. Musk’s response prompted more discussions, with several people offering their own suggestions for roundabout methods of making money.
Nima Owji, a developer, recently shared that progress on Twitter’s digital currency “Coins” is still being actively worked on. Twitter’s developer edition has released a new version of its Coins announcement, including enhanced features and use. Tweets with high Twitter Coin counts are marked in some way to let others know how popular they are.
As Twitter advances towards a “creator economy,” CEO Elon Musk said on February 3 that the business will begin sharing a portion of its advertising income with creators. To do so, however, requires a subscription to Twitter Blue, which begins at $8 per month.