According to Musk, Twitter sees "easy spending" for businesses and governments
Written byTimes Magazine
Corporate and government Twitter users may have to pay a "small" fee to stay on the social media platform, Tesla CEO Elon Musk said.
After Twitter's board approved Musk's $44 billion (£34.5 billion) takeover bid. However, Musk tell the site would always be free for "regular users." He previously said he wanted to "make Twitter better than ever by improving the product with new features."
Twitter did not immediately respond to a demand for comment from the BBC. Earlier, Musk tweeted a link to news urging some of the biggest brands in the United States to boycott Twitter if Musk lifts content moderation policies that restrict hate speech.
He argues that Twitter's moderation policies threaten freedom of expression. After agreeing to buy Twitter, Musk said he wanted to make improvements to increase the appeal of what he called a "niche" platform.
He said he would roll out new features and proposed changes to his new premium subscription, Twitter Blue, including a price reduction. The paid add-on service will add features such as a "Cancel Tweet" button, bookmarks, and reading mode, Twitter said.
Musk also said he wanted to remove spam bots from the platform and authenticate all real people. At Monday's annual Met Gala in New York, he said he would make Twitter transparent about how tweets went up or down and wanted his software exposed to the public.
Who is Elon Musk?
Meanwhile, the multi-billionaire told potential investors he could bring the social media company back to the stock market in just a few years. The company's acquisition is expected to close later this year, subject to approval, including approval by Twitter shareholders and regulators.
As part of the deal, he will buy all of the company's shares currently available on the exchange, turning it from public to private. Musk sold about $8.5 billion worth of Tesla stock last week, fueling speculation that he would use the money to fund the Twitter acquisition.
Shares of the electric car maker have fallen more than 20% over the past month on fears Musk will sell some of his stake in the company to fund the deal.
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