Elon Musk rebrands Twitter's 'Super Follows' as 'Subscriptions' to benefit creators

Musk also stated that during the first year, the company will not take an additional cut of creators' earnings from Subscriptions.  

“For the next 12 months, Twitter will keep none of the money. You will receive whatever money we receive, so that’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on web (could be better, depending on payment processor). After the first year, iOS & Android fees drop to 15% and we will add a small amount on top of that, depending on volume. We will also help promote your work,” Musk said.  

The feature is located in the "Monetization" section of the settings. The subscriptions menu also includes additional information such as eligibility to offer subscriptions. According to reports, the person charging subscriptions must have at least 500 followers, 25 tweets posted in the last 30 days, and be at least 18 years old. More specific requirements can be found on Twitter's support page. 

According to Twitter, creators can charge their users monthly subscription fees of $2.99, $4.99, or $9.99. As per The Verge, it should be noted, however, that this subscription offer is only available to creators and users in the United States, Canada, New Zealand, and Australia. Subscriptions are available for purchase on iOS, Android, and Twitter's website. Individuals may, however, be unable to access subscriber-only content on the web.

Following Musk's purchase of Twitter, the social media platform has been embroiled in a number of controversies. It will be interesting to see how Twitter's position as a credible social media platform evolves in the coming months.