Twitter users may have to pay to read news from next Month, Elon Musk announced

Twitter owner Elon Musk has made a big announcement for media publishers. Twitter will now allow media publishers to charge users for reading articles on the social media platform from next month. The company's CEO Elon Musk gave this information on Saturday.

Users will have to pay instead of reading news

Elon Musk called the new announcement a victory for both media organizations and the public. "Starting next month, the platform will allow media publishers to charge users on a per-article basis," Musk said.

Elon Musk announcement

"This enables users who would rather not sign up for a monthly subscription to pay a higher price per article if they want to read occasional articles," he added.

Elon Musk said the announcement should be a big win for both media organizations and the public.

10 percent off on content subscription

Earlier, Elon Musk said on Friday that the social media platform would take a 10 percent cut on content subscriptions after the first year. The company said that they want to monetize the content on the website to increase their revenue source.

Earlier this month, Musk said that creators of the social media platform would be able to offer subscriptions to their followers including longer texts and hours of video. He also said that the company will not cut the content subscription for the first 12 months.