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Could 3 (Reuters) – Elon Musk stated on Tuesday Twitter Inc (TWTR.N) would possibly cost a “slight” price 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 perhaps a slight price for business/authorities customers,” Musk stated in a tweet. “Some income is healthier than none!” he added in one other tweet.
Twitter declined to remark when contacted by Reuters.
Final week, Reuters reported that Musk advised banks he would develop new methods to monetize tweets and crack down on government 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 become profitable out of tweets that comprise necessary info 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 need a a lot larger proportion of the nation to be on it. learn extra
Musk, additionally the chief government officer of prime electrical automobile maker Tesla Inc (TSLA.O), has been suggesting a raft of adjustments to Twitter since final month.
In tweets which had been subsequently deleted, Musk urged adjustments to Twitter Blue premium subscription service, together with slashing its value, 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 boost the platform with new options, make the algorithms open supply to extend belief, defeat spam bots, and authenticate all people. learn extra
Reporting by Shivani Tanna, Maria Ponnezhath and Shubham Kalia in Bengaluru; modifying by Uttaresh.V and Subhranshu Sahu
Our Requirements: The Thomson Reuters Belief Ideas.
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