(Reuters) -Elon Musk mentioned on Tuesday Twitter Inc (NYSE: TWTR) would possibly perhaps well fee a “limited” fee for commercial and authorities customers, half of the billionaire entrepreneur’s push to grow revenue which has lagged within the inspire of greater competitors care for Meta Platforms Inc’s Facebook (NASDAQ: FB).
“Twitter will repeatedly be free for casual customers, however perhaps a limited fee for commercial/authorities customers,” Musk mentioned in a tweet. “Some revenue is better than none!” he added in one other tweet.
Twitter declined to commentary when contacted by Reuters.
Closing week, Reuters reported that Musk told banks he would produce new ways to monetize tweets and crack down on executive pay to gash charges at the social media platform company.
Musk furthermore told the banks he planned to present facets to grow industry revenue, including new ways to set money out of tweets that bear vital recordsdata or drag viral, sources told Reuters.
On the annual Met Gala in Recent York on Monday, Musk mentioned the reach of Twitter used to be for the time being most efficient “niche,” and he would desire a noteworthy bigger share of the country to be on it.
Musk, furthermore the manager executive officer of top electrical automotive maker Tesla (NASDAQ: TSLA) Inc, has been suggesting a raft of modifications to Twitter since final month.
In tweets which had been subsequently deleted, Musk if truth be told handy modifications to Twitter Blue top rate subscription provider, including slashing its imprint, banning promoting and giving an system to pay within the cryptocurrency dogecoin.
After inking the deal to grab Twitter for $44 billion final week, Musk mentioned he wanted to toughen the platform with new facets, set the algorithms start source to set bigger have confidence, defeat unsolicited mail bots, and authenticate all other individuals.