Elon Musk earns around Rs 81 lakh per month from Twitter subscribers, check the math behind it:- “According to calculations, his monthly earnings from charging users around $4 (equivalent to approximately Rs 390) each amounts to roughly $98,800 (equivalent to around Rs 80.9 lakh).”
Ever since Elon Musk took over Twitter, he has come up with a series of changes ranging from the launch of Twitter Blue to changing the logo to metrics.
Elon Musk did reveal on Twitter that he makes a significant amount of money from Twitter subscribers. However, the amount mentioned in the statement (Rs 81 lakh per month) is not accurate as it does not reflect the current exchange rate.
At the time of writing (April 2023), the exchange rate for $1 USD to INR is approximately 83. Therefore, if Elon Musk is charging $4 per month to his subscribers, his monthly earnings from Indian subscribers alone would be around Rs 3.3 lakh, not Rs 81 lakh.
It is also important to note that while it is possible to earn money through Twitter by offering quality content to subscribers, this is not the only way to make money on the platform.
Twitter also offers monetization opportunities through advertising, sponsorships, and collaborations with brands. It is essential to do research and understand the different ways to monetize on Twitter before pursuing any strategies.
The Twitter CEO posted a tweet along with an image that read, “Content creators may wish to enable subscriptions on this platform. Just tap on Monetization in settings.” This was basically to explain to people the functioning of the Creator program.
The image tweeted by Elon Musk did show that he had almost 24,700 subscribers on his Twitter account, which grants them access to his exclusive information and online sessions.
The tweet was a promotion for Twitter’s new Creator Subscription feature, which allows users to earn money by offering exclusive content to their subscribers for a monthly fee. Elon Musk has been a vocal proponent of this feature and has encouraged other Twitter users to adopt it as well.
Elon Musk does charge $4 per month to his Twitter subscribers, the amount mentioned in the statement (Rs 80.9 lakh per month) is not accurate as it does not reflect the current exchange rate.
As of April 2023, the exchange rate of $1 USD to INR is approximately 83. Therefore, if Elon Musk is charging $4 per month to his subscribers, his monthly earnings from Indian subscribers alone would be around Rs 3.3 lakh, not Rs 80.9 lakh.
Meanwhile, Musk removed all blue ticks from legacy accounts last week. The new system now limits the blue checkmarks to the ones who choose to subscribe to Twitter Blue. The service costs Rs 900 per month for Android and iOS users and Rs 650 per month on the web in India. Meanwhile, he restored a few accounts.
Musk had earlier announced in November that Twitter would begin charging $8 per month for the badge as a way to create new revenue streams beyond advertising. Additionally, Twitter has started displaying labels such as “state-affiliated” and “automated by” to indicate whether an account is linked to a government or is a bot.
In November 2021, Elon Musk announced that Twitter would begin offering a new paid subscription service called Twitter Blue, which would include a number of new features, including the ability to customize the color scheme of the app, undo tweets, and access a dedicated customer support team.
One of the features that was included in Twitter Blue was the ability for users to apply for a verified badge for a monthly fee of $8.
Twitter has started displaying labels such as “state-affiliated” and “automated by” to indicate whether an account is linked to a government or is a bot. This is part of Twitter’s ongoing efforts to combat misinformation and improve transparency on the platform.
The labels are designed to provide users with more information about the accounts they are interacting with and help them make more informed decisions about the content they see on the platform.
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