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Billionaire Elon Musk wants Twitter to charge some users

Billionaire Elon Musk wants Twitter to charge some users - Photo 1.

Billionaire Elon Musk is considering boosting Twitter’s revenue after buying this social network – Photo: REUTERS

“Twitter will always be free for regular users, but commercial/government users may be slightly charged,” Musk wrote on Twitter on May 4. He later added that “a little revenue is better than nothing”.

Twitter has not yet commented on the case. On April 25, Twitter announced that it had “sold itself” to billionaire Musk for $ 44 billion and the deal is expected to last several months.

This fee move will help Twitter boost revenue amid competition with rivals like Facebook.

Mr. Musk, who owns companies worth trillions of dollars such as Tesla and SpaceX, has made it clear earlier that he is not buying Twitter for money. Instead, he wants to turn Twitter into a “square” for free speech, although that raises concerns that the social network will be flooded with content that incites hate.

However, Reuters news agency last week reported that the US billionaire had told the banks that lent him money to buy Twitter that he would find a way to make the social network make money and cut the payments to managers to make it easier. Cut the cost. At an event earlier this week, Musk also said he wanted to increase Twitter’s coverage to more countries.

The reality is that Twitter is also not a good company making money compared to the competition. While last year Google earned $ 257 billion, Facebook made $ 117 billion, Twitter only made $ 5 billion. Therefore, despite having more than 217 million users, Twitter is worth dozens of times less than its competitors.

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