The thorny problem of how creative people might get paid for content they put online has persisted for the best part of 20 years.
Jack Conte, chief executive of creative content platform Patreon – one of the companies seeking to solve that issue by encouraging subscription payments to creators – sees those past two decades as a period when distribution was thoroughly figured out, but the economics remained elusive.
“The next 20 years is going to be [about] rebuilding the financial engine to get creative people paid,” he said in a recent podcast interview.
[These features] will allow creators and publishers to be directly supported by their audience and will incentivise them to continue creating content that their audience loves
Twitter
Today, across the web, you can see that challenge being tackled head on. Social media platforms such as Instagram and Facebook are introducing new ways for creators to be paid for their music, jokes, advice or expertise.
Whole platforms, such as Substack, have been built on this single idea: audiences paying creators directly for what they do, rather than clicking on adverts to generate meagre pocket money.
Twitter is now launching two new features which seek to capitalise on this trend. Super Follows allows creators to accept subscription payments through the platform in return for exclusive content. Ticketed Spaces, meanwhile, expand Twitter’s burgeoning Spaces feature – essentially an audio chatroom, not dissimilar to a live podcast – to allow charging for admission.
“[These features] will allow creators and publishers to be directly supported by their audience and will incentivise them to continue creating content that their audience loves,” said Twitter.
Super Follows is being tested in the US, with a view to launching globally. To join the scheme you must be at least 18 years old, have 10,000 followers or more and tweet regularly (at least 25 tweets in the previous 30 days). If your application is accepted, you could charge people $2.99, $4.99 or $9.99 a month to become your Super Follower. But what do you give them in return?
“It could be tweets, it could be DMs [direct messages]” said Kayvon Beykpour, product lead at Twitter, on The Verge podcast. “It could be subscriber-only Spaces. It could be subscriber-only newsletters. Think of it as stitching together all the current and new and upcoming forms of content that someone can create on the platform, and really having this new subscriber layer – a new community, essentially.”
This idea of community is central to Twitter’s new initiatives. Like Patreon, it believes that it isn’t about the quantity of content an audience member might get for their $2.99, but more about them recognising and rewarding creators whose work they value.
Ticketed Spaces has a similar community thrust: creators can charge a ticket price of between $1 and $999 in order to connect with their followers using voice, rather than the strict limits of a 280-character tweet.
Spaces has clear parallels with other new audio platforms such as Clubhouse and Greenroom, but Twitter is the first to offer paid admission (as opposed to a tipping feature), and Beykpour said that it’s “fundamentally Twitter”, for good or bad. It just has a new wrapper.
“I think the rise of this audio renaissance that’s happening right now is interesting,” he said. “[Having] serendipitous conversations with people, but doing it in a way that is synchronous rather than asynchronous, and powered by the human voice.”
After many years of remaining fairly static as a platform, these two new initiatives are part of a suite of features being added to Twitter as the firm seeks new revenue streams, including the forthcoming Twitter Blue subscription service, which is rumoured to include new features such as “undo tweet”.
Advertising accounted for 86 per cent of the platform’s revenue in 2020, according to Twitter's annual financial report, but a feature such as Super Follows could, if it works, net a new income stream for the firm, as well as the creators they’re trying to support.
Twitter will take 3 per cent of the first $50,000 in revenue (that’s after Apple and Google’s inevitable commission on in-app purchases), which increases to 20 per cent thereafter.
But the jury is out on whether it will work. One of the attractions of Twitter over the years has been its level playing field, enabling people in and out of the public eye to freely converse in a way they were never able to before.
Putting content behind a paywall could create a platform that’s far less egalitarian; more of a “them and us” scenario, where some people broadcast and the rest listen.
Creators may also have to get used to smaller audiences. Currently, Twitter can direct thousands or millions of people to viral tweets in a very short space of time, but charging will hugely restrict its visibility. It’s a reiteration of the burning question at the heart of the creator economy: do you want exposure or do you want to be paid?
Some percentage of your super fans will totally be willing to pay for content that is exclusive
Kayvon Beykpour,
product lead at Twitter
Lastly, there’s the ever-present question of whether people will want to pay for things they’ve traditionally had for free – particularly when there’s a massive oversupply of things for us to read, watch and listen to.
Bekypour’s take is, naturally, a positive one: “You have a tremendous amount of incentive to create some form of content for all to see, because that’s how you build an audience. And then some percentage of your super fans will totally be willing to pay for content that is exclusive.”
Patreon has shown that the idea of a closer community yielding a financial pay-off can work, but when YouTube tried it – with paid channels, fan funding and channel memberships – none caught on. Patreon’s Conte believes that enabling a flourishing, financially rewarded creative sector is really down to trust in the platform itself.
Whether we trust Twitter to successfully mediate between talent and audience is something that the next few months will slowly reveal.
Takreem Awards winners 2021
Corporate Leadership: Carl Bistany (Lebanon)
Cultural Excellence: Hoor Al Qasimi (UAE)
Environmental Development and Sustainability: Bkerzay (Lebanon)
Environmental Development and Sustainability: Raya Ani (Iraq)
Humanitarian and Civic Services: Women’s Programs Association (Lebanon)
Humanitarian and Civic Services: Osamah Al Thini (Libya)
Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)
Outstanding Arab Woman: Balghis Badri (Sudan)
Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)
Young Entrepreneur: Omar Itani (Lebanon)
Lifetime Achievement: Suad Al Amiry (Palestine)
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
More from Neighbourhood Watch
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
What is hepatitis?
Hepatitis is an inflammation of the liver, which can lead to fibrosis (scarring), cirrhosis or liver cancer.
There are 5 main hepatitis viruses, referred to as types A, B, C, D and E.
Hepatitis C is mostly transmitted through exposure to infective blood. This can occur through blood transfusions, contaminated injections during medical procedures, and through injecting drugs. Sexual transmission is also possible, but is much less common.
People infected with hepatitis C experience few or no symptoms, meaning they can live with the virus for years without being diagnosed. This delay in treatment can increase the risk of significant liver damage.
There are an estimated 170 million carriers of Hepatitis C around the world.
The virus causes approximately 399,000 fatalities each year worldwide, according to WHO.
Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses
DMZ facts
- The DMZ was created as a buffer after the 1950-53 Korean War.
- It runs 248 kilometers across the Korean Peninsula and is 4km wide.
- The zone is jointly overseen by the US-led United Nations Command and North Korea.
- It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
- Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
- Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
- Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012.
- Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
The specs: 2019 GMC Yukon Denali
Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm
Fuel economy, combined: 12.9L / 100km
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
UAE currency: the story behind the money in your pockets
How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.
Specs%20
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
SECRET%20INVASION
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