Elon Musk has indicated that X, formerly known as Twitter, is preparing to charge 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.
Speaking in a meeting with Benjamin Netanyahu, the Israeli prime minister, the Tesla CEO and world’s richest person suggested that X was going to charge its user base. Currently, Twitter only charges users for its subscription service X Premium, which offers perks such as a verified account checkmark and costs $11 a month in the US for iPhones and £11 in the UK.
If all 330 MAUs paid this, Twitter would
netgross $3.6bn/month.Crucially, they absolutely will not.
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Not a chance he is going to get the value up to $44B.
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I am finding it pretty easy to say, personally.
Torching the brand goodwill alone is a mistake that a 2nd year MBA student would mock you for.
Well, for the sake of context let’s note that we are two people talking about it on Lemmy, for free, with no corporations involved.
Whatever is next for Musk, I think if centralised social media needs to turn a profit then it’s probably not going to remain a central fixture of online society forever.