Business

Musk says Twitter may charge slight fee for commercial, government users

Might 3 (Reuters) – Elon Musk stated on Tuesday Twitter Inc (TWTR.N) would possibly cost a “slight” payment for business and authorities customers, a part of the billionaire entrepreneur’s push to develop income which has lagged behind bigger rivals like Meta Platforms Inc’s (FB.O) Fb.

“Twitter will all the time be free for informal customers, however possibly a slight value for business/authorities customers,” Musk stated in a tweet. “Some income is best than none!” he added in one other tweet.

Twitter declined to remark when contacted by Reuters.

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Final week, Reuters reported that Musk advised banks he would develop new methods to monetize tweets and crack down on govt pay to slash prices on the social media platform firm. learn extra

Musk additionally advised the banks he deliberate to develop options to develop enterprise income, together with new methods to earn cash out of tweets that include necessary data or go viral, sources advised Reuters.

On the annual Met Gala in New York on Monday, Musk stated the attain of Twitter was presently solely “area of interest,” and he would desire a a lot larger share of the nation to be on it. learn extra

Musk, additionally the chief govt officer of high electrical automobile maker Tesla Inc (TSLA.O), has been suggesting a raft of modifications to Twitter since final month.

In tweets which have been subsequently deleted, Musk prompt modifications to Twitter Blue premium subscription service, together with slashing its worth, banning promoting and giving an choice to pay within the cryptocurrency dogecoin.

After inking the deal to purchase Twitter for $44 billion final week, Musk stated he needed to reinforce the platform with new options, make the algorithms open supply to extend belief, defeat spam bots, and authenticate all people. learn extra

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Reporting by Shivani Tanna, Maria Ponnezhath and Shubham Kalia in Bengaluru; enhancing by Uttaresh.V and Subhranshu Sahu

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