Elon Musk considers ‘slight’ Twitter fee for commercial users

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FILE PHOTO – In this photo illustration the close-up of the Twitter website seen displayed on a smartphone. /LightRocket via Getty Images

Twitter’s soon-to-be owner, Elon Musk is now considering charging a ”slight” fee for commercial and government users.

In a tweet Tuesday, Musk said this is part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook.

“Twitter will always be free for casual users, but maybe a slight cost for commercial/government users,” Musk said in a tweet. “Some revenue is better than none!” he added in another tweet.

Twitter declined to comment when contacted by Reuters.

Last week, Reuters reported that Musk told banks he would develop new ways to monetize tweets and crack down on executive pay to slash costs at the social media platform company.

At the annual Met Gala in New York on Monday, Musk said the reach of Twitter was currently only “niche,” and he would want a much bigger percentage of the country to be on it.

After inking the deal to buy Twitter for $44 billion last week, Musk said he wanted to enhance the platform with new features, make the algorithms open source to increase trust, defeat spam bots, and authenticate all humans.