#36 - Twitter takes on Substack; A new revenue opportunity for writers
Thinking big 💡
Last week Twitter announced it has acquired Revue, a newsletter platform for writers and publishers. Their first move into building out long-form content on the platform and getting into the subscription revenue space.
Twitter wants all creators to join the platform – experts, curators, journalists & publishers and will offer an all-in-one integrated service that “will all work seamlessly within Twitter” said Product Lead Kayvon Beykpur and VP of Publisher Products Mike Park. They will add new features that help writers connect with their audiences, like allowing them to host chats with their subscribers and invest in community resources and other revenue streams later on.
The platform will be free for all users, and Twitter will collect just 5% of paid subscriptions revenue compared to Substack’s 10%. They say writers will get paid compensation for how many Twitter users they convert to subscribers. It will strengthen its relationship with writers of all kinds who want…
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