Twitter CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users for each article clicked, calling it a win-win for the public and media organizations.
Billionaire owner Musk tweeted that the feature, which will launch in May, will allow those who “don’t sign up for a monthly subscription to pay a higher price per article if they want to read the occasional article.”
On Friday, Musk announced that Twitter would cut content subscriptions by 10 percent after the first year, indicating that the company would not make any cuts in the first 12 months. These feeds include long text and hour-long videos. Since taking over the social media company last October, Musk has made changes to try to boost Twitter’s revenue after the social media platform’s ad revenue fell last year.
Under Musk, Twitter has cut its workforce from 7,500 to around 1,500, raising concerns that moderation standards and its ability to meet upcoming European standards will be affected.
Twitter has been repeatedly warned that it is not ready for the EU’s new regulation to monitor digital platforms, with violations facing fines of 6% of global revenue and, in extreme cases, a temporary suspension of the service.
Major platforms are required by law to conduct annual risk assessments detailing the risks of harmful content such as disinformation, hate speech, harm to children and election manipulation. The EU will also review the regulatory frameworks and measures put in place to mitigate these risks.
Platforms will also be prohibited from creating profiles of children’s users so that companies can serve them ads.
Platforms accessible to minors must also take steps to protect their privacy and protect them. Users should also be able to easily report illegal content
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