As per sources, Elon Musk is planning to collect a premium when a third-party website wishes to cite or incorporate a tweet from verified users or groups in order to monetize tweets and generate revenue.
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Elon Musk, the billionaire owner of Twitter, is said to have told the banks that bankrolled his $44 billion purchase of the social media business that he will decrease executive and board pay and develop new mechanisms to monetize tweets.
According to three individuals acquainted with the incident, the SpaceX founder mentioned in his pitch to the banks that Twitter’s profit margin is substantially smaller than those of competitors such as Meta’s Facebook or Pinterest.
Musk is claimed to have stated that the corporation could be conducted more cost-effectively. He is rumored to be working on new services to boost business revenue, such as novel methods to monetize tweets that include essential information or become viral.
As per the sources, who sought confidentiality due to the delicacy of the topic, the billionaire is also considering collecting a premium when a third-party website wishes to cite or incorporate a tweet from verified users or groups.
The Tesla billionaire bought Twitter for $44 billion on Monday, promising to turn it private and restore it to its origins as “the free speech wing of the free speech party.” The billionaire made his buyout attempt at $54.20 per share earlier this month, shortly after purchasing a 9.2 percent stake in Twitter on April 4. At the time, Twitter’s stock was trading for less than $40 per share.
Since Musk disclosed his acquisition ambitions, Twitter stocks have risen by more than 35%. They were trading above $52 per share on the day of the purchase, but have since dropped below $49 per share.
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I don’t understand the headline. If Musk wants other sites to pay for use of tweets on HIS site, that’s simply a commercial user fee. If he wants to charge those sites to retweet THEIR content, even that could be justified as publicity for non-Twitter sites. To say USERS of any site should pay for reuse of their tweets–is a horse of a different color.
Another article on this topic from another person with zero critical thinking skills. The reason the oligarchs allowed Musk to buy twitter is so they can take him to the cleaners. Twitter is only a thing because the MSM uses it to quote influential famous people. The same oligarchs who own the media control the famous people who tweet. they will simply be told to move to another platform and the media will be ordered to ignore Twitter. This is a no brainer and only low IQ people have not figured this out on their own.
The USA is doomed because so many Americans are too stupid to think clearly.
Who needs Twitter anyways when you can have open source and federated Pleroma and MissKey?