Twitter is increasing its efforts on Spaces, its live audio feature that it launched late last year. The social media giant has been introducing new features as it takes the lead on its rivals including Clubhouse. The latest feature that has started rolling out is paid ticketed spaces.
In terms of revenue cut, hosts will get 80% of the total revenue after Twitter, Apple and Google take their in-app cut. Twitter is partnering with Stripe for ticket processing and payments. Twitter will cover the transaction fees. Also, the Spaces host will need a Stripe account.
To be eligible for Ticketed Spaces, hosts will have to be 18 years old, have over 1000 followers. Some Hosts will be able to create Ticketed Spaces. Twitter experimenting with this feature on iOS only for now.
This feature will start on Twitter for iOS first and the hosts will get 67% of each ticket sale. You can invite between 5 and 100 people to your ticketed Space.
Twitter is now making Spaces more discoverable by showing recommendations. At the top of your feed where Fleets used to be. If someone you follow is listening to a Space, the purple bubble will appear on top of your timeline.