After remaining almost stagnant for a couple of years, Twitter has picked up its pace and began implementing big changes to its social platform, perhaps spurred by the increased competition. But, unfortunately, a number of those experiments have flopped, just like the short-lived Stories-like Fleets. Twitter, however, remains banking on its new audio-only features to become profitable. But, of course, which will only happen if there’s actual money involved, and that’s exactly what Ticketed Spaces is supposed to accomplish now that it’s available to more users.
Spaces itself was “inspired” by the Clubhouse hype last year that created a replacement breed of audio-centric platforms and channels. Unfortunately, many Clubhouse rivals are quick to travel beyond what the first was capable of, including monetizing the platform. Last June, Twitter opened its Ticketed Spaces to prospective applicants, and it’s now slowly opening the gates even further.
With Ticketed Spaces, hosts can sell tickets to form their events exclusive to pick followers. Eligibility for hosts to charge for tickets remains equivalent, including having over 1,000 followers and hosting a minimum of 3 Spaces within the last 30 days. The feature is currently available only on iOS, which dictates just what proportion those hosts will be ready to make.
we want to help people creating cool Spaces make $$$. today, some Hosts will be able create Ticketed Spaces!
we’re experimenting on iOS only for now but we hope to get it to everyone soon. know it’s taking us a little time, but we want to get this right for you! https://t.co/xc68yWkOim
— Spaces (@TwitterSpaces) August 26, 2021
Twitter will take its commission after the standard 30% cut that Apple takes for in-app purchases. The social network will only take 3% of that remaining 70% but will raise the “tax” to twenty if the creator earns quite $50,000 in total earnings from Ticketed Spaces and Super Follows.
Twitter didn’t give more specific timelines for Ticketed Spaces‘ wider availability, including on Android. This new feature does take it one step closer to its goal of finally monetizing the network, but it remains to be seen whether it’ll be a profitable effort at the end of the day.
