Sat 05 August 2023:

Users of social network Twitter, currently rebranding to X, will be able to receive income from advertising only if they have paid X Blue subscription, otherwise the money will be kept by the company, US Entrepreneur and Twitter owner Elon Musk said on Saturday.

“To be eligible for your ad revenue share, you must be an X Premium (Blue) subscriber. The ad money will otherwise be kept by X if you are not an X Premium (Blue) subscriber,” Musk said on Twitter.

To be eligible for your ad revenue share, you must be an X Premium (Blue) subscriber.

The ad money will otherwise be kept by X if you are not an X Premium (Blue) subscriber.

This program is open to everyone.

— Elon Musk (@elonmusk) August 5, 2023

This program is available to all users, he added.

The X Blue feature is an opt-in, paid subscription that adds a blue checkmark to the subscriber’s account, as well as offers access to several features, including ability to edit and write longer posts.

Can’t send ad revenue

According to the Verge, the company won’t be able to make some promised payments on time. The X Support account says that because its “Ads Revenue Sharing” program is so popular, “We need a bit more time to review everything for the next payout and aim to get all eligible accounts paid as soon as possible.”

From the linked support page: August 4, 2023 update: The volume of people signing up for revenue sharing has exceeded our expectations. We previously said that payments would occur the week of July 31st. We need a bit more time to review everything for the next payout and hope to get all eligible accounts paid as soon as possible. Thank you for your patience!

Interest in ad rev share by content creators has far exceeded our expectations, so will take a few more days to process.

Major payouts coming soon!

— Elon Musk (@elonmusk) August 5, 2023

In late October 2022, Musk finalized the $44 billion acquisition of Twitter, a US company founded in 2006, and headquartered in San Francisco, California.

Twitter Corporation ceased to exist as a separate company as a result of its merger with X Corp. founded by Musk in 2006. In late July, Twitter’s logo was changed from a blue bird to a black-and-white X logo. Musk specified that the new logo symbolized “the imperfections in us all that make us unique.”

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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