Musk tweeted that he wants to levy a fee on Twitter users. He acquired the social media platform last month at $43 billion. The world’s richest person owns many other tech companies. Ranging from manufacturing space rockets to selling electric cars, he has it all. The entrepreneur said that Twitter will be free for some casual users. But, he is planning to introduce a fee for government and commercial users.
Elon Musk tweeted that Twitter will be free for all casual users but may cost a little for commercial users. He suggested various changes to the social media platform, as he acquired it last month. The new owner wants to make Twitter algorithms public after adding the company to his portfolio.
The reason behind doing this is to ensure free speech and increased trust. He also wants to get rid of spambots and authenticate real accounts.
Before closing the deal with the board of Twitter, suggested some changes in the service. He advised cutting down the price of the blue premium subscription to Twitter.
On Monday, at the annual Met Gala in New York, Musk said that he wants to make the platform transparent. He wants to curb the restrictions on free speech and show people how Twitter demotes or promotes tweets.
On the other hand, according to the report in Wall Street Journal, the platform will remain public. Musk bought 9% shares of Twitter a few months back. He was then invited to join the board, to which he refused. After refusing the invitation, he put forward the desire to buy the company for a whopping $42 billion.
He also told the potential investors about his plans to put forward an initial public offering. According to a report, he would do that to return the platform to public markets.