Twitter now wants you to start paying for tweets or something close to that. Twitter isn’t that of a profitable company and this could be it for the social network whose major source of revenue comes from ad sales that account for 80% and licensed Twitter data.
No more “How is this site free?” tweets
This information comes after a job posting by the company. Twitter is recruiting engineers to become part of a new subscription team that will work with both the payments team and the Twitter.com team.
Is Twitter becoming Patreon, OnlyFans, Twitch or Substack? The questions are too many and the details are very scant.
Premium Twitter subscription?
Twitter stock went up after this listing was posted.
The new team goes by the codename “Gryphon”
“We are a new team, codenamed Gryphon. We are building a subscription platform, one that can be reused by other teams in the future. This is a first for Twitter” reads the listing.
Looking forward to unveiling my premium tweets for subscribers only which will be demonstrably more valuable/libellous https://t.co/rBhPPDxkdC
— Janine Gibson (@janinegibson) July 8, 2020
My timeline has immediately split into three (different sized) groups on this:
1. Twitter's going to offer a subscription package!
2. Twitter's going to compete with Patreon!
3. Twitter's going to compete with OnlyFans!
(My money is on 2, maybe with a dash of 3). https://t.co/1q8IKtw1hZ
— James Ball (@jamesrbuk) July 8, 2020
— Ed Vaizey (@edvaizey) July 8, 2020
A few years ago, Twitter had considered a subscription option so this update could be it.
I will pay twitter to delete itself
— Megan Farokhmanesh (@Megan_Nicolett) July 8, 2020
Won't be surprised if Twitter's "subscription service" is a Substack competitor.
Creators to get a separate "articles" section within Twitter, followers pay a monthly fee to access articles.
As long as e-mail remains an option, I can see it working.https://t.co/RaPlWJVdTU
— Avtar (@AvtarRamSingh) July 8, 2020