Musk says Twitter could charge small fees for business and government users

May 3 (Reuters) – Elon Musk said on Tuesday that Twitter Inc (TWTR.N) could charge “lightweight” fees to commercial and government users, part of the billionaire entrepreneur’s drive to boost his revenue which has lagged behind bigger rivals like Meta Platforms Inc. (FB.O) Facebook.

“Twitter will still be free for casual users, but maybe a slight cost for commercial/government users,” Musk said in a tweet. “Some income is better than nothing! he added in another tweet.

Twitter declined to comment when contacted by Reuters.

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

Musk also told banks he plans to develop features to boost business revenue, including new ways to make money from tweets containing important information or going viral, sources told Reuters.

At the annual Met Gala in New York on Monday, Musk said Twitter’s reach is currently just a “niche” and he wishes a much larger percentage of the country would participate. Read more

Musk, also CEO of leading electric vehicle maker Tesla Inc (TSLA.O), has suggested a series of changes on Twitter since last month.

In tweets that were later deleted, Musk suggested changes to the premium subscription service Twitter Blue, including lowering its price, banning advertising and offering a dogecoin cryptocurrency payment option.

After signing the deal to buy Twitter for $44 billion last week, Musk said he wanted to improve the platform with new features, make algorithms open source to increase trust, defeat spambots and authenticate all humans. Read more

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

Our standards: The Thomson Reuters Trust Principles.

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