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Musk says Twitter may charge slight fee for commercial, government users

Published 05/03/2022, 07:40 PM
Updated 05/04/2022, 07:51 AM
© Reuters. FILE PHOTO: Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS

(Reuters) -Elon Musk said on Tuesday Twitter Inc (NYSE:TWTR) might charge a "slight" fee for commercial and government users, part of the billionaire entrepreneur's push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc's Facebook (NASDAQ:FB).

"Twitter will always be free for casual users, but maybe a slight cost for commercial/government users," Musk said in a tweet. "Some revenue is better than none!" he added 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 executive pay to slash costs at the social media platform company.

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

At the annual Met Gala in New York on Monday, Musk said the reach of Twitter was currently only "niche," and he would want a much bigger percentage of the country to be on it.

Musk, also the chief executive officer of top electric vehicle maker Tesla (NASDAQ:TSLA) Inc, has been suggesting a raft of changes to Twitter since last month.

In tweets which were subsequently deleted, Musk suggested changes to Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.

After inking 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 all humans.

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Latest comments

Twitter never made money, and never will, with or without Elon Musk
business is business, look who has to pay, people conducting business. go for it.
It would be crazy if it actually goes free speech and charges a free. Then free speech would be charged a premium, while censored speech would be free. That would be a terrible commentary on the state of humanity.
 "The government promotes censorship"  -- so your logic is that US govt didn't interfere with the business model of a corporation like Twitter = promoting censorship?  yeah OK
Imagine having a building that you own and allow people to come and write stuff on blackboards in the building. Do you have to allow anyone to come and write whatever they want? No, you own it and control it. If someone writes something that goes against the community policy you kick them out. They still can go outside and say whatever they want or do at their own place.
 or imagine if the govt decided to regulate what FoxNews contributors/commentators can say on air, because they want to prevent FoxNews from only showing only conservative point of views...........
in favor of the investor
I'd pay to use it if its gonna be fair to conservatives!
So he wants to take social media private and charge a subscription fee. Wow. This timeline socks.
Good . Government must pay . they get our money
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