Twitter Allows Monetizing Live Audio Feature On iOS

  • Twitter Inc TWTR announced that some hosts on its live audio feature, Spaces, could sell access to Ticketed Spaces. 
  • Applications for Ticketed Spaces marked a June debut for users above 18, TechCrunch reports. Twitter hosted three Spaces in the last 30 days and has at least 1,000 followers.
  • Anyone on Apple Inc AAPL iOS can buy tickets to Spaces hosted by people who have access to the feature.
  • The iOS presence implies creators will be subject to Apple's 30% in-app purchase fee and Twitter's 3% commission, leaving 67% of the ticket sales proceeds for the creator. 
  • If a creator's total lifetime earnings on Twitter, including Ticketed Spaces and Super Follows, exceed $50,000, Twitter will raise its 3% commission to 20%.
  • Twitter peer Facebook Inc FB had agreed to forego commission on creator revenue till 2023 and promised a lower commission than Apple.
  • Price Action: TWTR shares traded higher by 0.43% at $62.88 in the premarket session on the last check Friday.
  • Photo by Clker-Free-Vector-Images from Pixabay
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