Elon Musk, who’s within the means of buying Twitter, introduced the newest change he’s envisioning for the platform: that some customers must pay to make use of the service.
“Ultimately, the downfall of the Freemasons was giving away their stonecutting services for nothing,” Musk tweeted Tuesday.
“Twitter will always be free for casual users, but maybe a slight cost for commercial/government users,” he continued.
Twitter is free for customers in the mean time, but also offers a subscription-based product called Twitter Blue in four countries: the U.S., Canada, Australia and New Zealand. The price for U.S. customers is $2.99 per thirty days.
In tweets which have since been deleted, Musk referred to as for adjustments to Twitter Blue, together with decreasing the associated fee for subscribers and eradicating advertisements, according to The Guardian.
Last month, Twitter’s board accepted Musk’s provide to purchase the corporate for about $44 billion. The settlement features a $1 billion termination payment, which Musk must pay if he walks away from the deal, according to Bloomberg.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk stated in a press launch asserting the settlement. He additionally stated he’ll change algorithms and do away with spam bots on the social media platform.
Critics of Musk’s free speech absolutism have famous that Twitter is already a platform the place girls, racial minorities and different marginalized teams are focused for harassment, and his proposed hands-off method could solely make the issue worse.
The billionaire has additionally tweeted in help of end-to-end encryption on direct messages, and polled his now over 90 million followers on the creation of an edit button.
Musk spoke about his imaginative and prescient for Twitter whereas attending the Met Gala on Monday. His objective for the platform is to “have a service that is as broadly inclusive as possible, where ideally most of America is on it, and talking,” Musk instructed reporters on the pink carpet.
Despite its cultural significance, Twitter is a smaller enterprise in comparison with a few of its well-known rivals.
The firm is ranked No. 15 by variety of month-to-month lively customers, as of January 2022, according to Statista. By these metrics, Twitter has 436 million month-to-month lively customers, whereas Facebook, which is on high of the listing, reaches over 2 billion customers.