Twitter CEO Jack Dorsey indicated the social media platform may soon adopt a feature to allow users to receive payments.
“I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter,” he said at the virtual Goldman Sachs Technology and Internet Conference on Wednesday.
Dorsey expressed an interest in adding both tipping and content subscription features to aid in diversification of revenue streams, most of which currently come from advertisers.
Twitter, in late January, introduced a new feature dubbed “Birdwatch,” allowing users, who do not have to be certified fact-checkers or verified people on the website, to comment and provide context on tweets that they deem to be misleading or false. The system, which will begin as a stand-alone, is set to morph into a feature that is viewable by everyone on the platform.
“Birdwatch allows people to identify information in Tweets they believe is misleading or false, and write notes that provide informative context,” Twitter Vice President of Product Keith Coleman wrote. “We believe this approach has the potential to respond quickly when misleading information spreads, adding context that people trust and find valuable.”
The social media giant banned former President Donald Trump from the platform following the Jan. 6 riot that saw thousands of his supporters storm the Capitol in an attempt to interrupt the certification of President Biden’s election victory. Five people died during the unrest, including one police officer.
On Wednesday, a Twitter executive established that the Republican’s prohibition from the website is permanent and will extend even if Trump decides to run for office in 2024.
“So, the way our policies work, when you’re removed from the platform, you’re removed from the platform whether you’re a commentator, you’re a CFO, or you are a former or current public official. And so, our policies are designed to make sure that people are not inciting violence, and if anybody does that, we have to remove them from the service, and our policies don’t allow people to come back,” Twitter CFO Ned Segal said.
The website also purged MyPillow CEO Mike Lindell’s account after he was found to be a leading voice in insisting the 2020 presidential election was tarnished by Dominion and Smartmatic voting software. His claims have not been verified, and they have been voraciously denied by both companies.
Conservative figures have decried the platform for censorship and created profiles on Parler, an outlet that self-identifies as a home for unadulterated free speech. Parler was dropped by hosting services Amazon, Google, and Apple in early January following backlash that the website was harboring right-wing ideas in support of the Capitol siege.