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Could 3 (Reuters) – Elon Musk mentioned on Tuesday Twitter Inc (TWTR.N) would possibly cost a “slight” payment for business and authorities customers, a part of the billionaire entrepreneur’s push to develop income which has lagged behind bigger rivals like Meta Platforms Inc’s (FB.O) Fb.

“Twitter will at all times be free for informal customers, however possibly a slight price for business/authorities customers,” Musk mentioned in a tweet. “Some income is best than none!” he added in one other tweet.

Twitter declined to remark when contacted by Reuters.

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Final week, Reuters reported that Musk instructed banks he would develop new methods to monetize tweets and crack down on govt pay to slash prices on the social media platform firm. learn extra

Musk additionally instructed the banks he deliberate to develop options to develop enterprise income, together with new methods to make cash out of tweets that include necessary info or go viral, sources instructed Reuters.

On the annual Met Gala in New York on Monday, Musk mentioned the attain of Twitter was at the moment solely “area of interest,” and he would need a a lot greater proportion of the nation to be on it. learn extra

Musk, additionally the chief govt officer of prime electrical automobile maker Tesla Inc (TSLA.O), has been suggesting a raft of modifications to Twitter since final month.

In tweets which had been subsequently deleted, Musk instructed modifications to Twitter Blue premium subscription service, together with slashing its value, banning promoting and giving an choice to pay within the cryptocurrency dogecoin.

After inking the deal to purchase Twitter for $44 billion final week, Musk mentioned he needed to boost the platform with new options, make the algorithms open supply to extend belief, defeat spam bots, and authenticate all people. learn extra

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Reporting by Shivani Tanna, Maria Ponnezhath and Shubham Kalia in Bengaluru; modifying by Uttaresh.V and Subhranshu Sahu

Our Requirements: The Thomson Reuters Belief Rules.

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