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Ticketed Spaces & Super Followers: Here’s how to make bank on Twitter

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Think your Tweets are priceless? Starting today, you could make over $50,000 by making your followers pay up to see your Tweets

Starting today, you can apply to be one of Twitter’s first users of its new Ticketed Spaces and Super Follows with your audience.

Twitter is looking for a few users to trial the new features with their audiences before its released more broadly in the coming months. However, at this point the applications are only open to mobile users in the US with over 10,000 followers.

Twitter will take 3% of the cut until $50,000 profit, and $20,000 after

Hosts can earn up to 97% of the revenue from subscriptions, with Twitter not taking more than 3% until they earn over $50,000. After this point, Twitter’s share increases to up to 20% of future earnings. 

To apply to be part of the test groups, open Twitter and navigate to the sidebar, then tap Monetization to learn more and see if you’re eligible.

The company also recently introduced a tipping feature, and is integrating paid newsletters into its service.

Ticketed Spaces

Twitter’s Ticketed Spaces are an exclusive one-time-only event offered to groups between 5 and 100 people. The admission fees to the live-audio conversation events will range from $1 – $999.

Twitter says the feature will ‘facilitate closer connections between the host and their followers.’ The feature also makes Spaces more competitive with Clubhouse, which doesn’t yet have a ticketing feature.

https://twitter.com/TwitterMedia/status/1407398414535380993?s=20

Super Followers

Similarly, the Super Follow feature allows hosts to develop a more direct relationship with their most dedicated followers.

The system will work in a similar way to Only Fans, with followers paying to see exclusive content. Hosts can opt for price points of $2.99, $4.99 or $9.99 per month.

While it does allow hosts to charge for Tweets, Twitter has encouraged creators to get creative with their offerings. . For example, a creator could offer subscribers exclusive access to Q&A sessions.

What will Twitter Blue subscribers get?

Earlier this month, Twitter also started rolling out their new premium subscription service, ‘Twitter Blue‘ in a bid to monetise the platform.

The feature is in its trial stages in Australia and Canada. The new subscription will give followers a host of premium features and perks, similar to Patreon for $4.50 AUD a month.

Bookmark Folders: This feature will allow users to organise their saved Tweets

Undo Tweet: With Undo Tweet, users can set a timer of up to 30 seconds to click undo before the post goes live.

Reader Mode: The new easy-to-read text will make long threads easier to read

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Tech

Russian spies release tape of secret German meeting held on WebEx

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A clandestine meeting among top German military officials has been thrust into the spotlight following the leak of a 38-minute audio tape, revealing discussions about potentially supplying Ukraine with Germany’s formidable Taurus missiles.

The tape, posted online by the head of Russian state-run broadcaster RT, has ignited controversy, unveiled sensitive Western strategies, and heightened tensions between Germany and its NATO allies.

Senior German officials have acknowledged the authenticity of the recording, which captures Air Force Commander Gen. Ingo Gerhartz and his aides deliberating over the logistics of supplying Taurus missiles to Ukraine.

The meeting, held on the WebEx platform, reportedly touched upon the possibility of Ukraine utilizing these missiles to target Russian assets, including the strategically vital Kerch Bridge connecting Russia to Crimea.

Russian espionage

The leak has not only sparked outrage in Germany but also raised concerns over the country’s susceptibility to Russian espionage.

This incident comes on the heels of the arrest of a senior officer in Germany’s BND foreign intelligence service on charges of spying for Moscow.

Despite Chancellor Olaf Scholz’s reluctance to provide Taurus missiles to Ukraine, discussions within the leaked recording revealed considerations on training Ukrainian personnel to operate the sophisticated weapon system independently. However, with the leak now public, analysts speculate that the likelihood of Germany delivering the missiles has diminished.

Russian officials swiftly condemned Germany for discussing potential attacks on Russian targets, issuing veiled threats of retaliation should Berlin escalate its involvement in the conflict.

Chancellor Scholz vowed a thorough investigation into the leak, acknowledging its seriousness and the imperative of swift action.

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Tech

Lawyers seeking $6 billion fee from Elon Musk

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The legal team responsible for voiding Elon Musk’s mammoth $56 billion compensation package is now seeking an unprecedented $6 billion in legal fees.

The three law firms involved justified their request in a filing with the Court of Chancery in Delaware, citing the monumental effort and risk involved in challenging Musk’s compensation package, which was deemed excessive by a Delaware judge in January.

“We recognise that the requested fee is unprecedented in terms of absolute size,” the firms stated, adding that the fee equates to an astronomical hourly rate of $288,888.

Musk swiftly condemned the request as “criminal,” taking to his platform X, formerly known as Twitter, to express outrage: “The lawyers who did nothing but damage Tesla want $6 billion.”

Neither Tesla nor Musk’s attorney have responded to requests for comment.

Pay packet

The legal battle stems from a lawsuit filed by shareholder Richard Tornetta in 2018, which led to the nullification of Musk’s lucrative pay package.

The electric vehicle manufacturer could be on the hook for the hefty fee as it stands to benefit from the return of Musk’s compensation, which includes a staggering 266 million shares.

“This structure has the benefit of linking the award directly to the benefit created and avoids taking even one cent from the Tesla balance sheet to pay fees,” the lawyers argued, emphasising that the fee would be tax-deductible to Tesla.

Judge Kathaleen McCormick, overseeing the case, had previously described Musk’s pay as “unfathomable” in her ruling.

However, Tesla may contest the fee, given a similar fee request in a separate case concerning pay for its directors.

Legal compensation

The proposed fee, if granted, would set a new record in legal compensation, surpassing even the $688 million awarded to attorneys in a 2008 securities fraud case involving Enron Corp.

As the Delaware Supreme Court weighs an appeal regarding a $267 million fee in a case involving Dell Technologies, the issue of attorney compensation in high-stakes litigation continues to be a subject of debate.

Critics argue that as settlements and judgments increase in size, attorneys should receive a declining percentage to prevent overcompensation.

The legal team behind the Musk case contends that their requested fee represents around 11% of the judgment.

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Tech

Google CEO condemns AI blunders in staff memo

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In response to recent controversies surrounding Google’s artificial intelligence blunders, CEO Sundar Pichai issued a memo to employees, addressing the company’s missteps and outlining plans for improvement.

The memo comes after Google faced criticism for flaws in its Gemini image-generation feature, leading to the tool being taken offline for further testing. Pichai described the issues as “problematic” and acknowledged that they “have offended our users and shown bias,” according to reports first surfaced by Semafor.

The Gemini image generator, introduced earlier this month as part of Google’s main group of AI models, allows users to input prompts to create images.

However, users discovered historical inaccuracies in the generated images, prompting widespread backlash online.

Consequently, Google removed the feature last week, stating its intention to relaunch it after addressing the issues.

Google Gemini

Pichai expressed regret over the offensive responses produced by the AI system, emphasising that such behavior is “completely unacceptable.”

He emphasised the challenges of developing AI technology, acknowledging that perfection is elusive, particularly in the nascent stages of the industry’s evolution.

Nevertheless, Pichai stressed that Google recognizes the high standards expected of them.

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