Charging some Twitter users hints Elon Musk.The downfall of the Freemasons was waiving the services of a tweet: "In the end, cut stones for nothing." (Yui Mok/PA) (PA wire)
Charging some Twitter users hints Elon Musk
Twitter may start charging some users for access in an effort to make more money, Elon Musk has hinted.
Twitter will always be free for regular users In a tweet, the Tesla CEO said: "But perhaps at a slight cost to commercial/government users."
He is in the process of acquiring Twitter and has said he wants to improve the social media company's ability to make money, currently with Musk for $44 billion.
Downfall of Freemasons was waiving services in a tweet: "In the end, cut stones for nothing."
Twitter, despite its prominent name, has long lagged behind the growth of its Silicon Valley rivals. Twitter's $4.5 billion ad revenue in 2021 dwarfed the $115 billion brought in by Meta, the owner of Instagram and Facebook. Twitter's 217 million daily active users are a fraction of the common Meta's 1.9 billion daily active users.
Currently charging users for access to the platforms and their features Facebook and Instagram do not. Musk may seek to emulate the sales model of Microsoft-owned LinkedIn, which charges users a monthly fee to access premium features, and generated $10.3 billion in revenue in 2021.
Other plans include adding end-to-end encryption for direct messages. The proposal for paid accounts is one of a number of changes to the platform that Musk has discussed. and the introduction of an "edit button" to change tweets after they have been posted and to reduce oversight of content in favor of greater freedom of expression.
Musk recently tweeted, "Let's make Twitter more fun!"
Musk's bid was partially funded by debt obligations from a number of major banks, including Morgan Stanley, Barclays and Bank of America. The billionaire also sold $8.5 billion in Tesla stock within a few days, but would not confirm whether the shares were sold to fund part of the Twitter acquisition.
Tesla shares are down 21% over the past month 2021.