Commercial And Government Users Of Twitter Will Begin To Pay But Casual Users Remain Free-Elon Musk
Elon Musk tweeted in the early hours of Wednesday, saying commercial and government users of Twitter will begin to pay.
Elon Musk in a Tweet on Wednesday said Twitter Inc might charge a “slight” fee for commercial and government users.
The move is said to be part of the billionaire’s efforts to increase revenue, which has lagged behind larger competitors such as Meta Platforms Inc’s (FB.O) Facebook.
Twitter had previously confirmed the sale of the platform to Musk in a $44 billion deal, a dramatic shift for the board, which had previously manoeuvred to prevent Musk from taking the social media network private.
Elon Musk in a joint statement announcing the takeover said, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,”
Meanwhile, Elon Tweeted in the early hours of Wednesday, saying commercial and government users will begin to pay for the platform.
He went on to say those casual users would “always” remain free.
In a series of tweets, the billionaire entrepreneur justified his decision to commercialize the platform for commercial and government users by claiming that free services led to the demise of great businesses.
His words: “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users.”
The entrepreneur in a reply to a tweet added, “Some revenue is better than none!”