Entrepreneur Elon Musk is back in the headlines again after publishing a tweet expressing his desire to invest in the micro-blogging site “Twitter” after he acquired it days ago for $44 billion, and said in his tweet that fees will be charged to some users, and it is reported that Musk, since his acquisition of the social networking site, has been constantly appearing to promote his controversial ideas, including that he intends to make the platform a platform for complete freedom of expression, and everyone has the right to say whatever he wants, and no one will be censored, as he put it, and he intends to make many other changes to the platform of the site.
Musk wants to monetize Twitter
Everyone knows that Musk will definitely find a way to generate revenue from Twitter for as long as he boasts of the site’s ability to generate revenue, so how will Musk achieve that?
Charging fees to commercial and government Twitter users
Without a doubt, everyone agrees that Elon Musk is a smart man and a brilliant investor. He is the founder of companies such as SpaceX, Tesla and The Boring Company, as well as one of the founders of Neuralink and OpenAI. This time, Musk plans to monetize Twitter, but for regular users, there is no need to worry, as he announced Elon Musk that Twitter may charge a small fee to commercial and government users.
He added, “It is better to make some revenue through commercial users than to achieve nothing,” and Elon Musk noted that “no fees will be charged from regular users, Twitter will be free for regular users.”
Twitter will always be free for casual users, but maybe a slight cost for commercial/government users
— Elon Musk (@elonmusk) May 3, 2022
Musk also suggested that he would make some changes to the algorithms, stop spammers and authenticate all users in order to increase Twitter’s reach, and he wants to increase the percentage of Twitter users who are Americans even more, and is looking for ways to do so.
What is Elon Musk’s vision for monetizing Twitter?
It is worth noting that Musk bought Twitter for $44 billion, including $21 billion of his own money, $12.5 billion in exchange for his stake in Tesla and the rest of the loans, and these loans from banks will entail huge interest that he must pay, which sparked speculation among the People said that Musk might make changes to the platform to lower interest costs.
But Elon Musk is a great businessman and is not a fool to tarnish the reputation he has achieved through his achievements. He knows how to generate income, and this is what he will do on Twitter, and in this regard, many rumors have been raised that Musk will develop new ways to monetize Twitter, and reduce costs from during the reduction of executive salaries.
Musk also hinted in a tweet about reducing the salaries of board members, and there are rumors about his intention to cut jobs in Twitter to save costs, job cuts in Twitter to reduce costs, but sources indicated that he will not take this step regarding laying off jobs until the entire purchase deal is completed and the final acquisition .
Aside from cutting costs, there have been rumors of ways to make money through tweets, such as charging third-party websites that want to include a tweet from verified users.
Source: مصر فايف by misr5.com.
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