SAN FRANCISCO: Twitter said Tuesday it has acquired an email newsletter startup, Revue, as the microblogging platform seeks to attract users who want to earn money from their followers.
Twitter, which did not disclose the value of the deal, said it will make Revue premium features free for all users starting Tuesday and cut its paid newsletter fees to help writers retain more revenue from subscriptions.
Founded about six years ago in Utrecht, Netherlands, Revue has clients including Vox Media, the Chicago Sun-Times, and Markup and competes with services like Substack.
After the acquisition, Revue will operate as an independent service and expand its team by recruiting for key roles across engineering, design, research and data science.
Twitter, headquartered in San Francisco, California, said the acquisition will provide writers and longtime content creators a new way to connect with their audiences.