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Elon Musk Floats Idea of "Slight Cost" for Commercial Twitter Users

Dow Jones2022-05-04

Elon Musk has floated the idea of introducing a fee for some users of Twitter once he completes his $44 billion buyout of the social media platform.

"Twitter will always be free for casual users, but maybe a slight cost for commercial/government users," Musk said in a tweet on Tuesday.

"Some revenue is better than none!" he added in another tweet.

The Tesla (ticker: TSLA) CEO has been dropping hints about how he might grow revenue at Twitter ever since his takeover offer of $54.20 a share for the social media company was approved by its board last month. These include cutting the price of the company's new premium subscription service, Twitter Blue.

Shares of Twitter (TWTR) were down 0.2% in premarket on Wednesday at $48.78, below Musk's offer price. The stock has risen 13.07% so far in 2022.

Earlier on Tuesday, Musk told potential investors that he could take Twitter public again in as little as three years, The Wall Street Journal reported, citing people familiar with the matter.

Musk has been talking to investors, including private-equity firms, to help reduce the $21 billion cash contribution he has committed to help finance the deal, the Journal has reported.

Musk's acquisition of Twitter is expected to close later this year, subject to conditions including the approval of Twitter shareholders and regulators.

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Comment11

  • LWZ2218
    ·2022-05-05
    Tesla
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  • SPOT_ON
    ·2022-05-05
    Ok
    Reply
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  • Slee49
    ·2022-05-04
    Ok
    Reply
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  • Zacccc
    ·2022-05-04
    K
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  • Tanyl
    ·2022-05-04
    Elin will bring Twitter price up a lot
    Reply
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  • BellaEng
    ·2022-05-04
    Like this ah
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  • SmartHunter
    ·2022-05-04
    PUMP IT UPPPP
    Reply
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  • Andaroo
    ·2022-05-04
    AMC gme
    Reply
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  • FrankieRed
    ·2022-05-04
    ok
    Reply
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  • eo1668
    ·2022-05-04
    ok
    Reply
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  • Tombolofish
    ·2022-05-04
    Ok
    Reply
    Report
 
 
 
 

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