September 24, 2022

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Musk plans to charge Twitter commercial and government accounts

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Musk plans to charge Twitter commercial and government accounts



 

Musk plans to charge Twitter commercial and government accounts.

 

News reported that the world’s richest man Elon Musk agreed to buy social media Twitter for $44 billion, Twitter may charge small fees to business and government users, he said on Wednesday.

 

Musk plans to charge Twitter commercial and government accounts

 

 

Re-listing within three years

The Wall Street Journal quoted people familiar with the matter as saying that Musk had told potential investors that he planned to take Twitter back as soon as three years after buying it.

 

Musk recently tweeted: “Twitter will always be free for the average casual user, but for business and government users, there may be a small fee.” Twitter declined to comment.

Musk has been proposing changes to Twitter since he struck a deal late last month to buy Twitter.

He has said that he hopes to add new features to strengthen the platform; publicize the algorithm to promote public trust and combat spam bots.

He has also suggested some changes to Twitter’s Twitter Blue premium subscription service, including slashing prices.

Twitter has struggled to attract new users or increase user stickiness for years, and its advertising business, which accounts for the bulk of its revenue, has been unstable, and it has failed to make a profit in eight of the past ten years.

 

 

Massive Audience as Success Criterion

At the Met Gala in New York on Monday, Musk revealed his goal of buying Twitter. He hopes to expand Twitter’s influence beyond the current “niche” users until most Americans use it. social media platforms.

Whether Twitter can significantly expand its audience is an important measure of its success, he said. Musk said he wanted Twitter to be “as broadly inclusive as possible, ideally where most Americans are talking” and as trusted as possible.

 

When asked about the possibility of a large number of Twitter employees leaving after he took over, Musk replied: “This is a free country.

If anyone is uncomfortable with this, of course they can go somewhere else at their own discretion, that’s fine. “Twitter has 229 million users, and according to the latest earnings report, there are currently about 40 million daily active users in the United States.

 

The Wall Street Journal, citing people familiar with the matter, said Musk had told potential investors that he planned to relist Twitter as soon as three years after he bought it.

In order to buy Twitter, Musk has been negotiating with investment institutions such as private equity funds to reduce the amount of money that he has to pay out of his own pocket in the $21 billion equity financing.

According to Musk, the rest of the acquisition funding came from bank loans.

Private equity funds often contribute capital to privatize companies, hoping to rectify their businesses without external supervision, and then list companies after a five-year hiatus.

 



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