Elon Musk said on Tuesday that Twitter Inc could charge a “small” fee to commercial and government users, which is part of a billion-dollar business venture to boost revenue left behind by rivals such as Meta Platforms Inc’s Facebook.
“Twitter will remain free for ordinary users, but probably less valuable for commercial / government users,” Musk said in a tweet. “Some income is better than no!” add to tweet.
Twitter declined to comment when contacted Reuters.
Last week, Reuters Musk reportedly told banks that he would develop new ways to make money on tweets and break the executive bill to reduce costs for the social media company.
Musk told banks that he plans to develop features to boost business revenue, including new ways to monetize tweets that contain important information or viral traffic, sources said. Reuters.
At the annual Met Gala in New York on Monday, Musk said access to Twitter was currently the only “niche”, and he would want a large percentage of the country to be in it.
Musk, chief executive officer of high-powered electric car maker Tesla Inc, suggested a change on Twitter from last month.
In tweets that have been deleted since then, Musk suggested a change in Twitter subscription service Blue Blue, including reducing its price, closing the sale and giving the opportunity to pay in cryptocurrency dogecoin.
After buying Twitter for $ 44 billion last week, Musk said he wanted to improve the platform with new features, make algorithms an open source to increase trust, defeat spam bots, and reassure everyone.