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Elon Musk: Businesses and Governments Could Pay “Low Cost” Soon to Use Twitter

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The billionaire, who is also the CEO of Tesla and SpaceX, added in a post published late Tuesday that the platform will continue to be free for “casual users”.

It is unclear how much Musk would like to charge companies and governments or whether certain groups, such as nonprofits and journalists, would be exempt from any taxes.

Twitter declined to comment when contacted by CNBC.

Over the years, Twitter has failed to make as much money as other social media platforms, such as Facebook, Instagram and YouTube.

Musk, who has 90.7 million followers on Twitter, previously said he wanted to “make Twitter better than ever by improving the product with new features.”

Twitter is already experiencing a paid subscription service called Twitter Blue in the US, Canada, Australia and New Zealand, which offers additional features.

The premium, which costs $ 2.99 a month in the US, gives users access to features such as tweet cancellation and tweet marking.

Musk said last month that he wants to lower the price of Twitter Blue and make changes to the service, including a ban on advertising.

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Musk also said that all direct Twitter messages should be end-to-end encrypted so that no one can spy on or hack a user’s messages.

At Monday’s annual Met Gala, Musk said Twitter must also get rid of the robots, trolls and crooks that exist on the platform.

“We don’t want people to be fooled by their money and stuff,” he said.

Twitter is currently listed on the Nasdaq in New York, but Musk hopes to turn it into a private company.

However, Musk told investors he could choose to return Twitter to the stock market in at least three years, according to an article published Monday by The Wall Street Journal, citing people familiar with the matter.

Assuming the deal is completed and Musk takes over ownership of Twitter, the company will be controlled by the world’s richest person and someone who has been a strong critic of the platform, while using it in legally litigious ways. , especially through sensitive posts about Tesla.

Although Musk has indicated that his main interest in Twitter has to do with what he sees as the company’s censorship of free speech, Musk’s critics are concerned that the billionaire’s control over the platform will silence those who I disagree with him, as he often blocked criticism from his personal account.

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At last month’s TED2022 conference in Vancouver, Musk shared how he would like the platform to change ownership.

“I think it’s very important to have an inclusive arena for free speech,” he said at the time, acknowledging that some moderation of content would be needed to deal with explicit calls for violence and to ensure that the service complies with the law. from the country where he works.

He also said he would generally prefer “time-out” to permanent bans, which could suggest a path for former President Donald Trump to join the platform under Musk’s control.

Twitter banned Trump from his platform following his tweets about the January 6 US Capitol uprising, citing “the risk of further instigating violence.”

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