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Elon Musk says companies and governments might need to pay to make use of Twitter

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In this photograph illustration, Twitter account of Elon Musk is seen on a smartphone display and Twitter brand within the background.

Pavlo Gonchar | Lightrocket | Getty Images

Elon Musk has mentioned that companies and governments might quickly must pay a “slight cost” to make use of Twitter simply weeks after saying he plans to purchase the social media platform for $44 billion.

The tech billionaire, who can also be the CEO of Tesla and SpaceX, added in a submit late Tuesday that the platform will proceed to be free for “casual users.”

It’s unclear how a lot Musk wish to cost companies and governments, or whether or not sure teams equivalent to non-profits and journalists can be exempt from any imposed charges.

Twitter declined to remark when contacted by CNBC.

Over the years, Twitter has didn’t make wherever close to as a lot cash as different social media platforms equivalent to Facebook, Instagram and YouTube.

Musk, who has 90.7 million Twitter followers, beforehand mentioned he needs to “make Twitter better than ever by enhancing the product with new features.”

Twitter is already experimenting with a paid-for subscription service referred to as Twitter Blue within the U.S., Canada, Australia and New Zealand that provides further options.

The premium offering, which prices $2.99 a month within the U.S., provides customers entry to options equivalent to undoing tweets and bookmarking tweets. Musk mentioned final month he needs to chop the value of Twitter Blue and make modifications to the service together with introducing a ban on adverts.

Elsewhere, Musk has additionally mentioned all of Twitter’s direct messages needs to be end-to-end encrypted so nobody can spy on or hack a person’s messages.

At the annual Met Gala on Monday, Musk mentioned Twitter additionally must do away with the bots and trolls and scams that exist on the platform.

“We don’t want people getting tricked out of their money and that kind of thing,” he mentioned.

IPO plans?

Twitter is presently listed on the Nasdaq inventory alternate in New York however Musk hopes to take it personal.

However, Musk has advised buyers that he might select to return Twitter to the general public inventory market in as little as three years, in accordance with a report from The Wall Street Journal Monday that cites individuals conversant in the matter.

Assuming the acquisition deal closes and Musk takes possession of Twitter, the corporate will likely be managed by the world’s richest individual and somebody who’s been a heavy critic of the platform whereas utilizing it in legally contentious methods, principally by way of delicate posts about Tesla.

Though Musk has indicated that his major curiosity in Twitter has to do with what he views as the corporate’s censorship of free speech, Musk critics are involved that the billionaire’s management over the platform will end result within the silencing of their voices and others with whom he might disagree, provided that he is usually blocked critics from his private account.

At the TED2022 convention in Vancouver final month, Musk shared how he wish to see the platform change beneath his possession.

“I think it’s very important for there to be an inclusive arena for free speech,” he mentioned on the time, acknowledging that some content material moderation can be wanted to take care of specific calls to violence and make sure the service complied with the legal guidelines within the nation through which it operates.

He additionally mentioned he typically would favor “time-outs” to everlasting bans, which may recommend a path for former President Donald Trump to rejoin the platform beneath Musk’s management. Twitter banned Trump from the platform following his tweets across the Jan. 6 riot on the U.S. Capitol, citing “the risk of further incitement of violence.”

Additional reporting by CNBC’s Lauren Feiner.



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