Tuesday, 25 Jun 2024

Elon Musk says Twitter, now X, could charge all users subscription fees

Elon Musk says Twitter, now X, could charge all users subscription fees


Elon Musk says Twitter, now X, could charge all users subscription fees

Elon Musk has indicated that X, formerly known as Twitter, is considering charging all users for accessing the platform.

The X owner said erecting a paywall around the business would ward off the bots, or automated accounts, that have become a bugbear for Musk.

Musk, who has a history of making impromptu statements, did not confirm whether X would definitely push ahead with a charging policy. X has been contacted for further comment.

Musk also said X had 550 million monthly users generating up to 200m posts a day. Previously, the platform had measured its user base by a different method, monetisable daily active users, which stood at 238 million before Musk bought the business in October 2022.

Musk has raised the prospect of a paywall as the platform battles an entrenched decline in advertising, its main source of income. Musk has said an advertiser boycott, spurred by concerns over his leadership of the platform and its management of inappropriate or hateful content, has caused ad revenue to decline by 60%.

Netanyahu said he hoped Musk would find ways within the confines of the first amendment to clamp down on antisemitism and other forms of hatred on X.

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