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Twitter bought newsletter platform Revue to expand business
26.01.2021 [20:47],
Nikolay Khizhnyak

Twitter bought newsletter platform Revue. The amount of the transaction was not disclosed, but the purchase opens up the opportunity for Twitter to earn money on its basis for authors. It is indicated that Twitter wants to expand the Revue team, but it will continue to operate as a standalone company.

Revue has only six employees, according to The New York Times. Since its founding in 2021, Revue has only raised € 400,000, according to Crunchbase.

The service allows authors to send mailings for free to up to 50 subscribers. The paid version makes it possible to send mailings to 40 thousand subscribers. Revue charges a 6% commission for its services. Twitter plans to reduce commissions to 5%, and also make Revue Pro features free for all accounts of the platform, and thereby attract more users to it.

In 20021, Twitter discussed the introduction of paid subscriptions for brands, news outlets, and other users. By November 2021, the company was in talks to buy Revue’s direct competitor, Substack. However, the management of the latter, as indicated by The New York Times, turned down Twitter’s offer.

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