Musk says Twitter could cost slight payment for business, authorities customers

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Might 3 (Reuters) – Elon Musk mentioned 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 at all times be free for informal customers, however possibly a slight value for business/authorities customers,” Musk mentioned in a tweet. “Some income is healthier 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 instructed 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 instructed the banks he deliberate to develop options to develop enterprise income, together with new methods to generate profits out of tweets that include vital data or go viral, sources instructed Reuters.

On the annual Met Gala in New York on Monday, Musk mentioned the attain of Twitter was at present 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 high 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 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 mentioned he wished 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

Our Requirements: The Thomson Reuters Belief Ideas.

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