Elon Musk said on Tuesday that Twitter Inc will always be free for casual users but may charge a small fee for commercial and government users, as the billionaire businessman tries to expand the social media platform's reach from 'niche' to the majority of Americans.
Since last month, the Tesla has proposed a slew of changes to Twitter. Musk said he wanted to improve the platform with new features, such as making the algorithms open source to build credibility, defeating spambots, and authenticating all humans, after adding the company to his cart recently.
It is reported to last month that, Elon Musk agreed to buy Twitter for $44 billion, becoming the world's richest person to do so. World leaders, celebrities, and cultural trendsetters use influential social networks.
Musk agreed to purchase Twitter for $54.20 per share, a 38% premium to the company's share price just before revealing himself as the company's single largest shareholder earlier this month.
"Twitter will always be free for casual users, but there may be a slight cost for commercial/government users." Musk said.
Twitter is not unfamiliar with the concept of a fee-based subscription, and Twitter Blue is a similar concept that provides Twitter's most loyal customers with exclusive access to premium features and app customization for a small monthly subscription fee. Twitter Blue is available in the United States, Canada, Australia, and New Zealand on iOS, Android, and the web.
While Twitter Blue provides exclusive features to its paying users, Musk suggests that commercial and government users will have to pay to use the basic platform. Musk has kept the idea at a state of probability and his tweet is to test the water, as he has added maybe.
Following Elon Musk's $44 billion purchase of Twitter, the social media giant's future is uncertain. According to some reports, Elon Musk intends to relaunch Twitter after a three-year hiatus.
On the one hand, Musk appears to want to end free Twitter, but he also wants to expand Twitter's reach beyond the 'niche' audience. On the one hand, Musk appears to want to end free Twitter, but he also wants to expand Twitter's reach beyond the 'niche' audience.
Musk revealed this at the annual Met Gala in New York. Musk stated that he wants Twitter to be as broadly inclusive as possible, with ideally the majority of America on it and talking as well as trustworthy as possible.
