Skip to main content

Twitter Working On Payments Feature: Report

Twitter Inc is working to introduce payments on the social media platform and has begun applying for regulatory licenses, the Financial Times reported on Monday, citing people familiar with the matter.

New boss Elon Musk is pushing Twitter to create new streams of revenue as it faces a drop in advertising income, following his $44-billion takeover of the company in October.

The development on the payments feature is being led Esther Crawford, a director of product management at Twitter, according to the report, which added that the executive was emerging to be a key lieutenant to Musk.

Twitter did not immediately respond to a Reuters request for comment.

Musk had previously said that the Twitter acquisition would be part of a master plan to create "the everything app", a service that would offer social networking, peer-to-peer payments and e-commerce shopping.

Prior to Musk's takeover, Twitter in early 2021 was exploring allowing its users to receive tips, or digital payments, from their followers.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News-World-news https://ift.tt/MH7kybv

Comments

Post a Comment

Popular posts from this blog

US Issues $25-Million Bounty On Venezuela President On Day Of His Oath

Venezuelan President Nicolas Maduro, whose nearly 12 years in office have been marked by deep economic and social crisis, was sworn in for a third term on Friday, despite a six-month-long election dispute, international calls for him to stand aside and an increase in the US reward offered for his capture. Maduro, president since 2013, was declared the winner of July's election by both Venezuela's electoral authority and top court, though detailed tallies confirming his victory have never been published. Venezuela's opposition says ballot box-level tallies show a landslide win for its former candidate Edmundo Gonzalez, who is recognized as president-elect by several countries including the United States. International election observers said the vote was not democratic. The months since the election have seen Gonzalez's flight to Spain in September, his ally Maria Corina Machado going into hiding in Venezuela, and the detentions of high-profile opposition figures and ...
Post a Comment
Read more

It's Official, Kamala Harris Is Democratic Candidate For US Election

US Vice President Kamala Harris effectively secured the Democratic party's presidential nomination Friday, confirming her remarkable rise to party standard bearer in November's showdown against Republican Donald Trump. Kamala Harris was the sole candidate on the ballot for a five-day electronic vote of nearly 4,000 party convention delegates. She will be officially crowned at a Chicago convention later this month. "I am honored to be the presumptive Democratic nominee for President of the United States," Kamala Harris, 59, said on a phone-in to a party celebration after securing enough votes by the second day of the marathon vote. In the two weeks since President Joe Biden ended his reelection bid, Kamala Harris has gained full control of the party. No other Democrats stepped forward to challenge her elevation to the top of the ticket, making her confirmation as the first Black and South Asian woman ever to secure a major party's nomination a formality. The a...
Post a Comment
Read more

All You Need To Know About Donald Trump's 1st Criminal Trial

Donald Trump goes on trial Monday for allegedly covering up hush money payments to hide affairs ahead of the 2016 presidential election which propelled him into the White House. He will become the first former US president to go on criminal trial when jury selection begins next week. Here are the key questions ahead of the landmark trial: What is Trump accused of? As Trump closed in on victory in the 2016 presidential election, adult film star Stormy Daniels was paid $130,000 to keep quiet about an alleged 2006 sexual tryst with Trump. The payments, made by Trump's lawyer at the time, Michael Cohen, were revealed by The Wall Street Journal in January 2018. Prosecutors have seized on the concealment of the payments as "legal fees" in the Trump Organization's accounts when Cohen was reimbursed as the heart of their case. Prosecutors say Trump "concealed the reason for these payments... which clearly were paid in order to influence voters," former prosec...
Post a Comment
Read more