Twitter to Release Super Follows and Ticketed Spaces

Twitter to launch Super Follows and Ticketed Spaces…Get the details…

Thursday, 24th June 2021

In a bid to appeal to one-up competitors, Twitter has announced they will start letting out applications for Super Follows and Ticketed Spaces.

It was earlier this year in February, when Twitter released a teaser of the Super Follow feature, at an Analyst Day event.

This facet of the social networking giant allows creators on their platform to have access to monetary gains on a monthly basis by way of offering pay-walled content to followers who take a subscription with them for $2.99, $4.99, or $9.99 per month.

Eligibility criteria for the scheme are for users to be above the age of 18 years, to have 10,000 followers, and at least 25 tweets in the past month.

Twitter will lay claim to just 3% of creators’ revenue after in-app purchase fees. However, in-app purchase fees are 30% on the App Store and Google Play. This entails that creators will ultimately be in receipt of only two-thirds of the actual amount that their followers pay.

This will become 50% of the followers' payments, once the amount crosses $50,000 of lifetime earnings on Twitter, when the app will start charging “20% of future earnings after fees.”

Also Read: Jio 5G rollout announcement likely today.

Competitors such as Patreon take only around 5% - 12% of a creator’s earnings. Although this may not necessarily cause Twitter users to deflect to another app, the difference in payment could give Patreon users an additional source of income.  

A senior product manager at Twitter Esther Crawford said, "Our goal is to elevate people driving the conversations on Twitter and help them earn money." She added, "We updated our revenue share cuts after spending more time thinking about how we could support emerging voices on Twitter."

Meanwhile Ticketed Spaces offer a more promising prospect as other platforms such as Spotify Greenroom and other competitors don’t offer similar options yet.

This option will allow users to set their ticket price anywhere between $1 and $999. At the same time, it allows creators to keep a check on the number of tickets sold.

Eligibility for this feature is for users to be at least 18 years of age who have hosted three Spaces in the last 30 days and have at least 1,000 followers.

Applications for both features are currently available to users in the US only and on mobiles exclusively. While only iOS users can currently apply for Super Follows, both iOS and Android users can apply for Ticketed Spaces.

The News Talkie Bureau

Source:

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