Elon Musk, the billionaire founder of Twitter, has hinted that the social media platform may charge a "slight" price for commercial and government users, as part of the tycoon's attempt to boost revenue, which has lagged behind larger rivals like Meta Platforms Inc's Facebook.
"Twitter will always be free for casual users, but maybe a slight cost for commercial/government users," Musk said in a tweet. "Some revenue is better than none!" he added in another tweet.
There was no comment on the issue from Twitter.
Musk told banks last week that he will create new ways to monetize tweets and decrease CEO pay to save costs at the social media platform company, according to Reuters. find out more
According to stories citing sources, Musk also told the banks that he expected to develop features to boost business revenue, including new ways to profit from tweets that contain essential information or go viral.
Musk remarked at the Met Gala in New York on Monday that Twitter's reach is now "niche," and that he wants a far larger percentage of the country to be on it.
Since last month, Musk, who is also the CEO of Tesla Inc, a leading electric vehicle manufacturer, has proposed a slew of modifications to Twitter.
Musk suggested reducing the price of the Twitter Blue premium subscription service, prohibiting advertising, and allowing users to pay in the cryptocurrency dogecoin in tweets that were later deleted.
Musk said he intended to improve the platform with new features, make the algorithms open source to build trust, combat spam bots, and verify all humans after agreeing to buy Twitter for $44 billion last week.
(Source:www.wionnews.com)
"Twitter will always be free for casual users, but maybe a slight cost for commercial/government users," Musk said in a tweet. "Some revenue is better than none!" he added in another tweet.
There was no comment on the issue from Twitter.
Musk told banks last week that he will create new ways to monetize tweets and decrease CEO pay to save costs at the social media platform company, according to Reuters. find out more
According to stories citing sources, Musk also told the banks that he expected to develop features to boost business revenue, including new ways to profit from tweets that contain essential information or go viral.
Musk remarked at the Met Gala in New York on Monday that Twitter's reach is now "niche," and that he wants a far larger percentage of the country to be on it.
Since last month, Musk, who is also the CEO of Tesla Inc, a leading electric vehicle manufacturer, has proposed a slew of modifications to Twitter.
Musk suggested reducing the price of the Twitter Blue premium subscription service, prohibiting advertising, and allowing users to pay in the cryptocurrency dogecoin in tweets that were later deleted.
Musk said he intended to improve the platform with new features, make the algorithms open source to build trust, combat spam bots, and verify all humans after agreeing to buy Twitter for $44 billion last week.
(Source:www.wionnews.com)
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