👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Elon Musk's X plans to remove headlines from links to news articles

Published 08/22/2023, 03:37 PM
Updated 08/23/2023, 02:11 AM
© Reuters. FILE PHOTO: The new logo of Twitter is seen in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Elon Musk is pushing to change how news links appear on his social media platform X, formerly called Twitter, in a move that could potentially undermine the ability of news publishers to draw audience.

X is planning to remove the headline and text while retaining just the lead image from links to news articles shared on the platform, Musk said in a post late on Monday.

Fortune had first reported the news on Monday, citing a source that the move was pushed directly by Musk.

The move is likely an attempt by Musk to get users to spend more time on X and push them to opt for the subscription service for more details.

It is not immediately clear how the move will impact advertisers on the platform that Musk claimed in July had 540 million monthly users.

Currently news links come up on the timeline of users as "cards" along with an image, source address and an abridged headline. Such packaging helps draw clicks and helps publishers gain readers.

But with the shortened links, users might end up writing some text along with their posts and eventually they could consider X's premium service that allows a single post of up to 25,000 characters.

© Reuters. FILE PHOTO: The new logo of Twitter is seen in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

With the changes, Musk is pitching X as a more relevant platform for content creators. Premium subscribers can now post longer videos, their posts are shown higher up and they also receive a cut of ad sales.

(This story has been refiled to insert dropped word "for" in paragraph 4)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.