Twitter Exploring Feature to Let Users Receive Payments from Followers
Twitter Chief Executive Officer Jack Dorsey on Wednesday said the company is exploring allowing its users to receive tips, or digital payments, from their followers. According to The Hindu, Dorsey said the feature would help the social media platform earn more money and engagement from its base of 192 million daily users.
“I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter,” he said at the virtual Goldman Sachs Technology and Internet Conference.
Introducing user tipping and new features like content subscriptions would help the company diversify its revenue, which it currently earns mainly from selling advertising on Twitter.
According to the newspaper, the company said on Tuesday during an earnings call with analysts that Dorsey did not expect subscriptions to be meaningful to the company’s revenue until next year.
Last month, Twitter bought newsletter startup Revue, as it hopes to attract users wanting to create long-form content.
In related news, Financial Express reports that the stand-off between Twitter and the government continues with the microblogging platform saying on Wednesday it had complied in part with the government’s directive by suspending 500 accounts flagged by MeitY and blocking access to several others within India.
Twitter, however, said it has not blocked handles of civil society activists, politicians, and media as “it would violate their fundamental right to free expression” guaranteed by the country’s law. In a blog post, Twitter said that it will continue to support the right to free expression of its users; it added it is actively exploring options under Indian law both for Twitter and the accounts that have been impacted.
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