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Might 3 (Reuters) – Elon Musk stated on Tuesday Twitter Inc (TWTR.N) would possibly cost a “slight” price 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 all the time be free for informal customers, however possibly a slight price for business/authorities customers,” Musk stated in a tweet. “Some income is healthier than none!” he added in one other tweet.
Twitter declined to remark when contacted by Reuters.
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 become profitable out of tweets that include essential info or go viral, sources instructed Reuters.
On the annual Met Gala in New York on Monday, Musk stated the attain of Twitter was at present solely “area of interest,” and he would desire a a lot larger proportion of the nation to be on it. learn extra
Musk, additionally the chief government officer of prime electrical car maker Tesla Inc (TSLA.O), has been suggesting a raft of adjustments to Twitter since final month.
In tweets which have been subsequently deleted, Musk instructed 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 stated he wished to boost the platform with new options, make the algorithms open supply to extend belief, defeat spam bots, and authenticate all people. learn extra
Reporting by Shivani Tanna, Maria Ponnezhath and Shubham Kalia in Bengaluru; modifying by Uttaresh.V and Subhranshu Sahu
Our Requirements: The Thomson Reuters Belief Ideas.
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