The company’s CEO stated that the feature would help the social media platform earn more money and engagement from its base of 192 million daily users.
According to Reuters, 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. The company informed during an earnings call with analysts that they did not expect subscriptions to be meaningful to the company’s revenue until next year.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright