Elon Musk Unveils New Twitter Feature: Make Money from Ads in Reply Threads

Twitter, one of the most well-known social media platforms, has unveiled a new feature that will let users monetize the adverts that show up in their reply threads. The statement was made by none other than Elon Musk, CEO of Tesla and SpaceX and a strong proponent of social media revenue sharing. Now, you can make money on Twitter Elon Musk stated that to qualify after the announcement. To participate in Twitter Blue Verified, users must be members. Recall that one of the earliest premium services of the Elon Musk-led microblogging platform was the Twitter Blue programme. Ironically, users must pay $8 per month to have advertisements posted on their Twitter replies by advertisers. [caption id="" align="aligncenter" width="600"] Image credit- Mint[/caption] A new subscriber programme called Twitter Blue Verified enables users to make money from Twitter ads. In addition to rewarding consumers for their platform usage, the programme aims to give authors a stable source of income. Twitter had previously been criticised for not allowing users to make money from their use of the service. This new function gives users the option to make money from their Twitter presence in an effort to allay that worry. Also read: How to earn money in 2023 using ChatGPT The revenue-sharing model is not a new concept in social media; such schemes have existed on websites like YouTube and Twitch for years. The Chief Tweeter did not elaborate on how the money will be divided between advertising, users, and Twitter, so this stunning bit of news lacked further details. It will be interesting to watch how this new feature affects Twitter's 396 million active users. [caption id="" align="aligncenter" width="540"] Image credit- Within Nigeria[/caption] Elon Musk's measures to boost Twitter's profitability and cut costs include this most recent offering. Musk gave Twitter $44 billion in October 2022. He wanted to make it a successful business. To do this, Elon Musk has implemented a number of cost-cutting strategies. To save over $800 million in payroll costs, he fired about half of the company's global workers, for instance, and added the verification badge to the premium Twitter Blue membership service. Additionally, Twitter has stated that starting on February 9, API access would no longer be free and instead start charging for it. In November 2022, Tech Times claimed that additional prominent Twitter advertisers were planning to leave the Musk-led company. Less than a month after assuming office, Elon Musk has already lost half of the top 100 Twitter advertisers, according to the most recent analysis from the online nonprofit think tank Media Matters for America. According to the analysis, since 2020, these 50 corporations have spent about $2 billion on Twitter marketing. It is also important to note that in 2022, these significant marketers alone spent more than $750 million on advertising.