Twitter introduces content creator subscriptions

Twitter has announced a major overhaul to its platform, allowing content creators to monetize their posts through a new subscriptions feature. In the wake of mass layoffs and the introduction of Twitter Blue subscriptions, CEO Elon Musk has been spearheading radical changes to turn Twitter into a profitable business. Now, creators on the social media platform can offer exclusive content to paying followers, earning revenue from subscriptions.

The new “Subscriptions” feature allows Twitter users to charge followers a monthly fee “from one of the price points made available by Twitter.” Paid subscribers can then access the creator’s exclusive content, which is not viewable to the public. Twitter has partnered with payments processor Stripe to payout creators on the platform.

Under this new feature, creators will be allowed to keep 97% of the revenue up to $50,000 in lifetime earnings, after which the revenue split will be dropped to 80%. However, the revenue share will begin only after the users earn the minimum threshold of $50. The subscription services are non-refundable even if a creator’s Twitter account gets suspended for any reason. In such scenarios, users are required to manually unsubscribe to avoid auto-monthly payments to inactive Twitter accounts.

This latest user-centric update from Twitter is targeted at improving follower engagement and creating new revenue streams on the social media platform. It is expected to be welcomed by members of Crypto Twitter who have gained credibility and a significant following on the platform through years of posting.

Elon Musk’s ongoing initiatives to redesign Twitter will also include artificial intelligence (AI) to combat misinformation on the social media platform. Despite warning against the development of AI due to societal concerns, Musk reportedly purchased nearly 10,000 graphics processing units to build the upcoming AI tools.

With this new feature, Twitter is following in the footsteps of other social media platforms such as Patreon and OnlyFans, which allow content creators to monetize their content through subscriptions. The move comes as part of Twitter’s strategy to turn the platform into a profitable business, following years of losses.

However, the introduction of subscriptions has been met with some criticism from users, who argue that it is yet another way for Twitter to extract money from its user base. Critics also worry that this move will further divide Twitter users between those who can afford to subscribe to creators and those who cannot.

Despite the concerns, Twitter’s move towards monetizing content creators could prove to be a significant step towards profitability for the social media giant. Only time will tell if this new feature will be successful in achieving its goal of improving follower engagement and creating new revenue streams on the platform.

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Twitter introduces content creator subscriptions

Twitter has announced a major overhaul to its platform, allowing content creators to monetize their posts through a new subscriptions feature. In the wake of mass layoffs and the introduction of Twitter Blue subscriptions, CEO Elon Musk has been spearheading radical changes to turn Twitter into a profitable business. Now, creators on the social media platform can offer exclusive content to paying followers, earning revenue from subscriptions.

The new “Subscriptions” feature allows Twitter users to charge followers a monthly fee “from one of the price points made available by Twitter.” Paid subscribers can then access the creator’s exclusive content, which is not viewable to the public. Twitter has partnered with payments processor Stripe to payout creators on the platform.

Under this new feature, creators will be allowed to keep 97% of the revenue up to $50,000 in lifetime earnings, after which the revenue split will be dropped to 80%. However, the revenue share will begin only after the users earn the minimum threshold of $50. The subscription services are non-refundable even if a creator’s Twitter account gets suspended for any reason. In such scenarios, users are required to manually unsubscribe to avoid auto-monthly payments to inactive Twitter accounts.

This latest user-centric update from Twitter is targeted at improving follower engagement and creating new revenue streams on the social media platform. It is expected to be welcomed by members of Crypto Twitter who have gained credibility and a significant following on the platform through years of posting.

Elon Musk’s ongoing initiatives to redesign Twitter will also include artificial intelligence (AI) to combat misinformation on the social media platform. Despite warning against the development of AI due to societal concerns, Musk reportedly purchased nearly 10,000 graphics processing units to build the upcoming AI tools.

With this new feature, Twitter is following in the footsteps of other social media platforms such as Patreon and OnlyFans, which allow content creators to monetize their content through subscriptions. The move comes as part of Twitter’s strategy to turn the platform into a profitable business, following years of losses.

However, the introduction of subscriptions has been met with some criticism from users, who argue that it is yet another way for Twitter to extract money from its user base. Critics also worry that this move will further divide Twitter users between those who can afford to subscribe to creators and those who cannot.

Despite the concerns, Twitter’s move towards monetizing content creators could prove to be a significant step towards profitability for the social media giant. Only time will tell if this new feature will be successful in achieving its goal of improving follower engagement and creating new revenue streams on the platform.

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Twitter Enables Monetization for Creators

Tesla CEO Elon Musk has made significant changes to Twitter since taking it over, including mass layoffs and the introduction of Twitter Blue subscriptions. Now, Twitter has enabled monetization for creators through a new subscription service, allowing them to charge followers a monthly fee for access to exclusive content.

The feature is targeted at improving follower engagement and creating new revenue streams on the social media platform. Known as “Subscriptions”, Twitter users can charge followers a monthly price from one of the price points made available by Twitter. Once paid, subscribers can access the creator’s exclusive content, which is not viewable to the public.

To incentivize creators, Twitter will allow them to keep 97% of the revenue up to $50,000 in lifetime earnings, after which the revenue split drops to 80%. Twitter has partnered with payments processor Stripe to payout creators on the platform.

However, the revenue share will only begin once creators earn the minimum threshold of $50. Additionally, subscription services are non-refundable, even if a creator’s Twitter account gets suspended for any reason. In such scenarios, users are required to manually unsubscribe to avoid auto-monthly payments to inactive Twitter accounts.

The introduction of content creator subscriptions has been welcomed by members of Crypto Twitter, who have built credibility and a massive following on Twitter over the years.

Musk’s ongoing initiatives to redesign Twitter include using artificial intelligence (AI) to detect and deter misinformation on the platform. Despite previously warning the world against AI development due to societal concerns, Musk has reportedly purchased nearly 10,000 graphics processing units to build the upcoming AI tools.

The move towards monetization for creators is part of Musk’s efforts to turn Twitter into a profitable business. The company has taken several drastic measures since Musk’s takeover, including mass layoffs and the introduction of Twitter Blue subscriptions. Musk saw the introduction of subscriptions as a much-needed revenue stream for the company, despite resistance from previously-verified individuals who did not want to pay a monthly fee for a blue checkmark on their account.

Overall, the new monetization feature is a step towards greater user-centricity on Twitter, allowing creators to earn revenue from their content and potentially make a career out of it. With the increasing popularity of social media platforms as a source of news and information, Twitter’s move to enable monetization for creators could help to promote citizen journalism and provide more diverse perspectives on global events.

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Binance Executive Accuses Former FTX CEO of Spreading Fake Rumors

Binance executive Patrick Hillmann recently took to Twitter to accuse former FTX CEO Sam Bankman-Fried, also known as SBF, of spreading “fake rumors” about Binance CEO Changpeng “CZ” Zhao. Hillmann claimed that Bankman-Fried used his influence to label Zhao as an “evil Chinese” in an attempt to perpetuate his alleged scams at FTX.

The public relationship between SBF and CZ had been often antagonistic, with the two exchanges having financial ties. However, Hillmann’s recent comments suggest that Bankman-Fried had taken things further than what was publicly visible. Hillmann also claimed that the denigration of CZ was the norm at FTX and had nothing to do with the decision to sell the worthless FTT on the company’s books.

The rivalry between FTX and Binance came to a head when CZ announced plans for Binance to liquidate its position in FTX Token (FTT) prior to FTX’s bankruptcy, hinting that Binance would consider purchasing the competitor. However, when the deal fell apart, and FTX filed for Chapter 11, the two industry heads traded barbs through social media. CZ called SBF a “fraudster,” and the former FTX CEO suggested that Zhao lied about the buyout discussions.

Despite the animosity between the two leaders, Zhao continues to lead Binance as CEO and regularly posts messages on social media. In contrast, Bankman-Fried faces 13 federal charges, including those related to bribery and wire fraud. As part of his bail conditions, he has only limited internet access.

Bankman-Fried’s alleged actions to denigrate CZ raise concerns about the role of social media in perpetuating rivalries and conflicts within the crypto industry. As crypto exchanges continue to grow in size and importance, it is crucial for their leaders to maintain a professional and respectful public image. Failure to do so could lead to reputational damage and undermine investor trust in the entire industry.

The rivalry between FTX and Binance is not unique in the crypto industry. The space is known for its intense competition, with companies vying for dominance in an emerging market with vast potential. However, the leaders of these companies must remember that they have a responsibility to act with integrity and professionalism in their public statements and behavior.

In conclusion, Hillmann’s accusations against Bankman-Fried highlight the need for greater scrutiny of the conduct of crypto industry leaders. As the industry continues to grow and evolve, it is important for regulators and investors to demand transparency and accountability from these companies and their leaders. Only by doing so can we ensure that the promise of crypto technology is fulfilled in a way that benefits everyone.

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Twitter Rolls Out Bitcoin Price Quotes

The addition of Bitcoin price quotations to Twitter’s social media platform occurred around the 18th of April. The price quotations are provided by the charting platform TradingView, however they are only accessible for the price of Bitcoin. Price quotes for other major cryptocurrencies are not provided. The accompanying Bitcoin price chart includes a link that users may use to purchase or sell Bitcoin on the Israeli cryptocurrency market known as eToro. In addition, a caution that reads “Your Capital Is At Risk” is shown beside the chart that displays the price of bitcoins.

Twitter has emerged as an essential component of the retail investing community, and it is anticipated that the inclusion of Bitcoin price quotations will play a big role in the dissemination of financial news and the acquisition of information. The implementation of “$Cashtags” has the goal of elevating users’ familiarity with the Bitcoin market on the site and encouraging more user participation therein.

Elon Musk made the declaration on the 17th of April that he would develop a piece of artificial intelligence software that he would call “TruthGPT” in order to battle what he considers to be a left-wing bias in the media business. It is anticipated that the AI software would actively seek the truth and encourage impartial reporting.

While Twitter is the most recent social platform to integrate Bitcoin price quotes, on April 10th, Douyin, the Chinese counterpart of TikTok, began providing Bitcoin price quotes to an estimated 730 million users in Mainland China. Twitter is the most recent social platform to incorporate Bitcoin price quotations. The quotations were, however, taken down a day later and replaced with a statement that warned users that “unofficial digital currencies do not possess the same legal standing as fiat currencies.”

The introduction of Bitcoin price quotations on Twitter’s social media platform is a big step towards expanding knowledge of and involvement with the cryptocurrency market on social media. This is because Twitter is the largest social media platform in the world. In addition to this, it brings to light the ever-increasing significance of cryptocurrencies in the financial sector, as well as the need of reliable information and impartial reporting.

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Twitter and Alibaba Enter Global AI Race

In the rapidly evolving world of technology, artificial intelligence (AI) has become a focal point for many companies. Twitter and Alibaba have reportedly joined the global AI race by integrating the technology into their businesses. Twitter plans to use AI to “detect & highlight manipulation of public opinion,” while Alibaba is developing its own chatbot assistant called Tongyi Qianwen.

Meanwhile, the co-founders of cryptocurrency exchange Gemini, Tyler and Cameron Winklevoss, have funded their business with a personal loan of $100 million. The move comes after previous attempts to raise capital from external investors failed. The Winklevoss brothers are funding Gemini amid regulatory scrutiny in the United States, including charges from the Securities and Exchange Commission related to the exchange’s Earn program.

In addition, MetaMask has launched a new feature that allows users to purchase cryptocurrency with fiat currency directly from its Portfolio Dapp. The service is available in over 189 countries and accepts debit and credit cards, PayPal, bank transfers, and instant ACH. MetaMask claims the service follows local regulations and takes the user’s location into account.

The integration of AI into businesses is not without controversy. Twitter CEO Elon Musk, who recently purchased nearly 10,000 graphics processing units (GPUs) for the platform, previously spearheaded a letter calling for the halt of advanced AI development due to societal concerns. However, many companies see the potential benefits of AI and are investing heavily in the technology.

In the cryptocurrency world, the Winklevoss brothers’ loan to Gemini underscores the challenges that exchanges face in a volatile market and amid regulatory scrutiny. However, the loan also highlights the dedication of entrepreneurs to build a successful business in the face of adversity.

Meanwhile, MetaMask’s new feature for purchasing cryptocurrency with fiat currency is a welcome addition for many users who find it challenging to navigate the complex world of cryptocurrency exchanges. The service’s availability in over 189 countries and its acceptance of a wide range of payment methods make it an attractive option for those looking to invest in cryptocurrency.

Finally, Alibaba’s entry into the AI race with its chatbot assistant underscores the company’s commitment to innovation and its vast ecosystem of tech businesses. As the world becomes increasingly reliant on technology, the integration of AI into businesses will likely continue to be a significant trend. However, companies must balance the potential benefits of AI with the societal concerns surrounding the technology.

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Twitter to Add Cryptocurrency Trading

Twitter is set to expand its offerings by launching a new feature that will allow users to trade cryptocurrencies and stocks, according to a report by CNBC. The social media giant has partnered with fintech firm eToro to bring the new financial features to its platform. This is the first notable deal for Twitter since Elon Musk took over as CEO in 2020, after acquiring the social media network for $44 billion.

The new feature can be accessed through a “view on eToro” tab, which will take users directly to eToro’s trading platform. The fintech company, which was founded in 2007, introduced cryptocurrency trading features and a crypto wallet in 2019. With this new partnership, eToro hopes to bring a new audience to the Twitter platform, while Twitter aims to offer more financial services to its users.

Yoni Assia, the CEO of eToro, has called the partnership a perfect match. He believes that Twitter has become an important part of the retail investing community, with many users accessing financial news and acquiring knowledge on the platform. Assia added that “cashtags” searches have grown into the millions, indicating a growing interest in financial discussions on Twitter.

The partnership comes at a time when financial Twitter has become a trend, and was key to the retail trading boom in 2021. This new feature is expected to play a central role in this conversation and is already gaining a lot of traction. Assia also noted that this partnership is a significant opportunity for eToro to expand its customer base and reach more users who are interested in trading cryptocurrencies and stocks.

Meanwhile, Elon Musk has expressed his ambition to turn Twitter into “the biggest financial institution in the world.” In a recent interview, he floated the idea of turning Twitter into a “super app,” offering users access to several online services in one place. This concept is quite popular in China, where super apps function as a gateway to everything a consumer needs in their day-to-day life. WeChat, for example, offers instant messaging, social media, travel and hotel booking, banking and more.

In conclusion, the partnership between Twitter and eToro is a significant step towards offering more financial services to Twitter users. It also provides an opportunity for eToro to reach a wider audience interested in trading cryptocurrencies and stocks. The move also aligns with Musk’s ambition to turn Twitter into a super app, offering users access to various online services. It remains to be seen how successful this new feature will be and whether it will attract a significant number of users to the platform.

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Elon Musk Moves Forward with AI Plans for Twitter

Elon Musk, the chief executive officer of SpaceX, Tesla, and Twitter (as of October 2022), has made news for his attempts to limit the development of artificial intelligence owing to fears about the influence AI would have on society. In spite of this, it would seem that Musk is proceeding with his own ideas for AI infrastructure. An article published by Business Insider claims that Elon Musk has acquired roughly 10,000 graphics processing units (GPUs) for the purpose of implementing an artificial intelligence project at Twitter.

As a result of the vast amount of compute power needed by the technology, it is common practice for large-scale AI models to make use of graphics processing units (GPUs). Prior to this, on March 18, 2018, Musk stated that the business will employ AI to “detect & highlight manipulation of public opinion” on Twitter. According to unnamed individuals acquainted with the firm, the procurement of such a large amount of graphics processing units (GPUs) demonstrates that Musk is devoted to this initiative. In addition, the sources disclosed that the project makes use of a substantial language model; nonetheless, the precise function of generative AI at Twitter is yet unknown.

Twitter has just just added two new engineers who both have substantial experience working in AI, in addition to the GPU purchase. After working at DeepMind, an artificial intelligence research unit of Alphabet, which is the parent company of Google, Igor Babuschkin and Manuel Kroiss joined Elon Musk’s team. These new advances come only a few short weeks after Elon Musk signed an open letter, along with hundreds of other experts working in the technology area, asking for a temporary pause to the development of artificial intelligence due to the threats it presents to mankind.

Musk has been quite open about his fears surrounding artificial intelligence, and he has in the past cautioned regulatory bodies that AI research needs to be controlled “before it’s too late.” It seems that he is adopting a proactive approach to the development of artificial intelligence technology, as shown by the fact that he has acquired AI expertise at Twitter and has also purchased GPUs. Although it has been claimed that the project is still in its early phases, Musk’s devotion to it suggests that he has no intention of slowing down in his attempts to enhance AI infrastructure.

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Twitter disables actions on tweets with Substack links

On April 7, users of Twitter were left feeling upset when they discovered that they were unable to engage with tweets that included links to sites hosted on Substack. When trying to like, retweet, or comment to postings that included Substack links, several users reported getting an error message stating that “some actions on this tweet have been disabled by Twitter.” It was noted by several users that the user interface seemed to record their likes or retweets; but, upon closer examination, it did not appear to be counting or showing the interactions.

At this time, it is not possible to tell if the problem is a defect or a feature that was intended to be there. Since April 6, it seems that Twitter has disabled the ability for users of Substack to embed tweets in their posts, which may be connected to the problem. The Substack representative who was asked about the issue did not specify whether they felt the problem was caused by a change in the Twitter API or a bug.

The issue started happening not long after Substack introduced “Notes,” an application for publishing similar to Twitter that some people feel is intended to compete with the bird app. Substack is often seen as a venue in which bloggers of an advanced level may discuss their ideas with groups of users that have similar interests. Substack has been used to a very significant degree, particularly within the crypto community.

This problem arises as a result of multiple recent, unexplained modifications made to Twitter. The site displayed a picture of Doge in lieu of Twitter’s bird emblem for a number of days, while the nonprofit media group National Public Radio (NPR) was labeled as “state media.” A great number of users are now perplexed and doubting Twitter’s motivations as a result of these developments.

Regarding Substack, it is not apparent what Twitter’s goals or objectives are at this time. It’s possible that an effort was made to suppress competition by making it impossible for Twitter users to engage with tweets that include links to Substack, but it might also just be a glitch that needs to be fixed. In any event, users will be keeping a careful watch on both platforms for any more advancements that may occur.

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Twitter Disables Interactions with Substack Links

On April 7, Twitter users on both mobile and web platforms discovered that they were unable to interact with tweets containing links to Substack pages. Many users attempting to like, retweet or reply to posts containing Substack links received an error message indicating that “some actions on this tweet have been disabled by Twitter.” In some cases, users reported that while the interface seemed to register their likes or retweets, these interactions were not being counted or displayed.

At present, it is unclear whether the issue is a bug or an intended feature. However, it is worth noting that on April 6, Twitter appeared to have cut off the ability for Substack users to embed tweets in their posts. According to The Verge, a spokesperson for Substack did not clarify whether they believed the issue involved a change to the Twitter API or a bug. Nonetheless, the inability of Twitter users to interact with tweets containing Substack links seems to have begun around the same time, indicating a likely connection between the two problems.

This development comes in the wake of several recent, mysterious changes to Twitter. For example, the platform recently featured a Doge image in place of Twitter’s bird logo for several days, causing confusion among users. Additionally, the nonprofit media organization National Public Radio (NPR) received a “state media” label, which many people found questionable.

It is also worth noting that Substack announced the launch of “Notes” on April 5, which is a Twitter-like posting application that allows users to share short thoughts and updates. This application can be seen as a potential competitor to Twitter, particularly as Substack is often regarded as a place for expert-level bloggers to share their thoughts with like-minded communities. The crypto community, in particular, has taken advantage of Substack to a relatively large degree.

Given all of these developments, it remains to be seen whether Twitter’s disabling of interactions with Substack links is a temporary bug or a deliberate move to counter competition from Substack. Either way, this issue is likely to be of concern to users who rely on both platforms for networking and community building. As of this writing, there has been no official statement from Twitter or Substack regarding the matter, and it is unclear when a resolution might be forthcoming.

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