Elon Musk Reportedly Moves to Charge Twitter Users Per Tweet to Generate Revenue Few Days after Takeover
- Twitter, one of the major social media networking companies, appears to be planning sweeping changes under the leadership of a new CEO
- Elon Musk, who recently became the sole owner of Twitter, is considering new methods to return his $43 billion investment
- One of them is to require websites all around the world to pay Twitter before embedding users' tweets
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Elon Musk is reportedly looking to ask websites to pay Twitter for embedding tweets in order to increase revenue for the social media service.
The billionaire made the suggestion to banks as a way to attract lenders, according to Yahoo news.
World Richest man Musk reportedly secured $13 billion in loans tied to his Tesla stock.
Source: UGC
Although no agreement has been finalised as to how much websites would pay, the new strategy will be part of Elon Musk's major choices in the coming weeks.
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In now-deleted tweets, Musk had earlier suggested features for Twitter’s Blue subscription service – including a lower price and banning advertising, the Independent reports.
It was also reported that the billionaire would also reduce executive and board pay in a way to cut costs.
Musk has also lined up a new chief executive for Twitter, one of the sources added, but would not say who the new head would be.
Such a move would be controversial after the former head of Twitter Jack Dorsey praised Parag Agrawal, the current chief executive, and said that both Mr Musk and Mr Agrawal were aligned on the goals of the platform.
Dorsey in a tweet after the sale said:
“In principle, I don’t believe anyone should own or run Twitter,” Mr Dorsey tweeted on 26 April. “It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.
“Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. This is also [Mr Agrawal’s] goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path...I believe it with all my heart.”
Elon Musk Ignores Fans Who Begged Him for Job on Twitter
Previously, YEN.com.gh reported that some of Elon Musk’s fans have been begging him for jobs on at Twitter while the deal to buy the social media platform had not even been finalised.
Musk’s followers were hoping that there will be a lot of reshuffles or shake-ups when the deal is finally consummated, so they taking their shots.
One follower wrote on Twitter asking the richest man in the world to hire him as Vice President of Product, Nikita Bier who co-founded a positivity-focused app said.
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George Nyavor (Head of Politics and Current Affairs Desk) George Nyavor writes for YEN.com.gh. He has been Head of the Politics and Current Affairs Desk since 2022. George has over 9 years of experience in managing media and communications (Myjoyonline and GhanaWeb). George is a member of the Catholic Association of Media Practitioners Ghana (CAMP-G). He obtained a BA in Communications Studies from the Ghana Institute of Journalism in 2010. Reach out to him via george.nyavor@yen.com.gh.
