Companies and government accounts on Twitter You may have to pay a small fee to stay in Social media platform in the future, but the service will always be free for “regular users”, Tesla CEO Elon Muskwhose $44 billion offer to Twitter was accepted last week, posted on Twitter Tuesday night.
The tweet was in response to a mysterious message he sent earlier in the day which said that “the Fall of Freemasons were giving up their stone-cutting services for nothing”.
Reuters reported that Musk pitched a variety of ideas to banks last week to get help with his $44 billion acquisition of Twitter, including monetizing some of the viral tweets and cutting board salaries.
Twitter rolled out a premium subscription service, Twitter Blue, for $2.99 a month last year, but Musk suggested in a since-deleted tweet last month that he wanted to lower that price.
While Musk will certainly be creative in figuring out how to monetize Twitter after being considered private, his main motivation for buying the social media platform was clearly to make it less censored.
“I invested in Twitter because I believe it can be a platform for freedom of expression around the world, and I believe that freedom of expression is a societal necessity for a functioning democracy,” Musk said in the SEC file.
Shareholders and regulators still have to approve Musk’s acquisition of Twitter before it can be completed.
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