Elon Musk Announces Profit-Sharing Program for X Premium Blue Subscribers on Formerly Twitter

Elon Musk Gives Money to Subscribers of X Tweet Platform Following $44 Billion Acquisition

American billionaire Elon Musk announced today, Saturday, that he had given money to some subscribers of the “X” tweet platform (formerly Twitter), which he acquired for $44 billion.

X Premium Blue Subscribers Eligible for Profits from Twitter Ads

He also said that only subscribers to the “X Premium Blue” service have the right now to receive the profits of the “Twitter” ads.

And he wrote through his account: “In order to be eligible for a share of the profits of private ads, you must be a subscriber to the “X Premium Blue” service, otherwise the advertising money will be kept by “X”.

Tweet by Elon Musk Confirms Ad Revenue Share Eligibility

Elon Musk tweeted the following:

To be eligible for your ad revenue share, you must be an X Premium (Blue) subscriber.

The ad money will otherwise be kept by X if you are not an X Premium (Blue) subscriber.

This program is open to everyone.

— Elon Musk (@elonmusk) August 5, 2023

Program Open to All Users of the Tweet Platform

He added that this program is available to all users of the tweet platform.

After that, Elon Musk announced in another tweet, “The subscribers’ interest in obtaining a share of the ads exceeded his expectations a lot, and it was very popular, so it will take a few more days to process the matter in order to pay them,” assuring them that “there are large batches of money coming in The Road”.

And the “Twitter Blue” service is a paid subscription that carries many features, including verifying personal accounts by giving them a “blue tick”, allowing the ability to modify and edit tweets, and write longer posts.

Tweet by Elon Musk on Processing Ad Revenue Share Requests

Interest in ad rev share by content creators has far exceeded our expectations, so will take a few more days to process.

Major payouts coming soon!

— Elon Musk (@elonmusk) August 5, 2023

Twitter’s Financial Position and Elon Musk’s Acquisition

It is noteworthy that Elon Musk announced last month that the financial position of Twitter is negative, due to a decrease in advertising revenues by approximately 50%, in addition to the heavy debt burden that it suffers from.

In late October 2022, Elon Musk completed a $44 billion acquisition of Twitter, an American company founded in 2006 and headquartered in San Francisco, California.

Last month, Musk surprised Twitter users by changing his name and logo to the letter “X” in English (X), thus saying goodbye to his famous “blue bird” sign.

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