🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Musk says he wants to boost Twitter use from 'niche' to most Americans

Published 05/03/2022, 12:34 AM
Updated 05/03/2022, 04:11 AM
© Reuters. Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Brendan Mcdermid
TSLA
-
TWTR
-

By Benjamin Kellerman and Alicia Powell

NEW YORK (Reuters) - Tesla (NASDAQ:TSLA) Inc Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter (NYSE:TWTR) beyond the current "niche" until most Americans use the social media platform.

Musk has signed a deal to buy Twitter for $44 billion, raising questions among employees and the public about his strategy for running the social media network.

He told reporters gathered on the red carpet at the annual Met Gala in New York that an important measure of success would be whether Twitter could expand its audience significantly.

"Right now it's sort of niche. I want a much bigger percentage of the country to be on it, engaging in dialogue," said Musk, who attended the celebrity-studded event with his mother Maye Musk, a model.

Twitter has about 40 million daily active users in the United States, according to its most recent earnings report.

Musk said he wanted the platform to be "as broadly inclusive as possible, where ideally most of America is on it and talking," and as trusted as possible.

The billionaire also said he would make Twitter transparent about how tweets are promoted or demoted and wanted its software to be publicly available for critique.

© Reuters. Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Brendan Mcdermid

Asked about a potential exodus of employees, Musk said: "It's a free country."

"Certainly if anyone doesn't feel comfortable with that, they will on their on accord go somewhere else. That's fine," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.