Twitter may charge a small fee to business users

Elon Musk said Twitter could charge a “light” fee to business and government users, part of the billionaire entrepreneur’s push to boost revenue that has lagged behind larger rivals like Meta Platforms’ Facebook.

“Twitter will always be free for casual users, but maybe a small cost for business/government users,” Musk said in a tweet.

“Some income is better than none!” he added her in another tweet.

Twitter declined to comment when contacted by Reuters.

Last week, Reuters reported that Musk told banks he would develop new ways to monetize tweets and crack down on paying executives to cut costs at the social media platform company.

Musk also told the banks that he planned to develop features to boost business revenue, including new ways to make money from tweets that contain important information or go viral, sources told Reuters.

At the annual Met Gala in New York on Monday, Musk said Twitter’s reach was currently only “niche” and that he would like a much larger percentage of the country to be on it.

Musk, also the CEO of major electric vehicle maker Tesla, has been suggesting a series of changes on Twitter since last month.

In tweets that were later deleted, Musk suggested changes to Twitter Blue’s premium subscription service, including drastically lowering its price, banning advertising, and the option to pay in the dogecoin cryptocurrency.

After signing the deal to buy Twitter for $44 billion last week, Musk said he wanted to enhance the platform with new features, make the algorithms open source to increase trust, defeat spam bots and authenticate users. all humans.

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