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358

Elon Musk Suggests He Will Charge All X/Twitter Users a Fee to Be on the Platform (variety.com)

submitted 1 year ago by UrLogicFails@beehaw.org to c/technology@beehaw.org

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I'm not sure if this is technically Technology news, but I can remove this post if it's in the wrong community

Archive link: http://archive.today/3XM6s

Musk brought up the idea of charging all users of X/Twitter during a wide-ranging conversation focused on AI that featured Israeli Prime Minister Benjamin Netanyahu on Monday. “[We’re] moving to a small monthly payment for use of the X system,” Musk told Netanyahu, claiming that it is the only way to eliminate the problem of bots, as reported by Bloomberg’s Dave Lee.

Musk didn’t mention timing of his plan to charge X/Twitter users, nor did he say how much it would cost.

Musk, who also is CEO of Tesla and SpaceX, has said X/Twitter ad sales have plunged 50% since he bought the company. “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” Musk posted on July 15.

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[–] Honytawk@lemmy.zip 3 points 1 year ago (1 children)

You aren't going to tell me Musk doesn't have some cash laying around.

[–] Thorny_Thicket@sopuli.xyz 2 points 1 year ago (1 children)

Is he just supposed to pay for the running of twitter out of his pocket or what? It says there they've lost 50% of advertisers, and are making negative profit. That isn't sustainable. The purchase of twitter has cost him 40-something billion, and still keeps costing him even more. It's not about just wanting more profit, but to atleast break even.

[–] Riven@lemmy.dbzer0.com 2 points 1 year ago

It's a self inflicted wound. Can't bring myself to care.