Twitter to take 10% cut on content subscriptions

FILE PHOTO: The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California, U.S., July 22, 2019. REUTERS/Mike Blake/File Photo

NEW YORK: Twitter Inc chief executive officer Elon Musk has said that the social media platform will take a 10% cut on content subscriptions after the first year.

The move comes on the company’s aim to look to monetising content on the website in a bid to diversify its revenue sources.