Elon Musk suggests a monthly fee for X users

Elon Musk, owner of

Musk’s suggestion was raised during a conversation Monday with Israeli Prime Minister Benjamin Netanyahu.

The tech mogul has implemented multiple changes since purchasing Twitter for $44 billion in October 2022.

These changes in strategy include layoffs in the first instance, after the reinstatement of banned accounts – such as that of the former president of the United States, Donald Trump – and more recently a change in the brand name.

In July, Musk said the company lost nearly half of its advertising revenue.

“Bots” are accounts created by computer programs, which constantly spread or replicate messages, usually with controversial political or social content.

The prime minister asked Musk about combating anti-Semitism online. Musk responded that his company could move toward “a small monthly fee for the use of the system.”

“It’s the only way I can think of to combat vast armies of bots,” said the businessman.

The Silicon Valley entrepreneur explained that running a “bot” costs a fraction of a cent, so if someone has to pay a few dollars to maintain their profile, the effective cost of using a content bot becomes very high.

“And also, this way you have to have a new payment method every time you use a new bot,” Musk explained.

A week ago, Musk threatened the Anti-Defamation League (ADL) with a lawsuit, after said Jewish organization accused him of allowing the spread of anti-Semitism online.

“To clear our platform’s name of anti-Semitism, it appears we have no choice but to file a defamation lawsuit against the Anti-Defamation League… oh, the irony,” Musk wrote on X.

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{“url”:”https:\/\/twitter.com\/AlertaMundial2\/status\/1704213594936610863″,”type”:”rich”,”providerNameSlug”:”twitter”,”className”:””} – -> https://twitter.com/AlertaMundial2/status/1704213594936610863

Surprise and caution

Some observers welcomed the possibility of the network imposing this subscription with surprise.

“If you really do it, that will kill the platform. Most people will not pay (…). It would destroy the platform and the advertising revenue at once,” reacted Ed Zitron, boss of a media relations firm. communication and columnist for the Business Insider site.

“From the point of view of the economic model, one could think that it is a good option for Twitter,” because unlike other platforms like Meta, Musk’s network “has not managed to implement a successful advertising system so far,” he highlighted in change Kames Cooper, director of the agency “Business of Apps”.

But in any case, “the value of Twitter lies in the network effect linked to the existence of a broad user base. Universal pricing for the service would destroy the user base,” he warned.

“Right now the best solution is to increase the value of your payment services, improving your advertising offer and thinking about new sources of income, such as transactions, instead of making everyone pay,” he added.

Musk assures that X currently has 550 million monthly users. In May 2022, Twitter indicated that it had about 230 million active users.

See also: ‘X com’ what is it, what does it mean and why did Elon Musk decide to change the Twitter logo?

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Source: vtt.edu.vn

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