Elon Musk recently acquired Twitter in a $44 billion deal. As the new ruler of the popular social media platform he is seeking new ways to generate healthy revenue from the company.
According to the Reuters reports, Musk is looking to cut the salaries of Twitter executives as well as exploring ways to monetize tweets. He reportedly informed about his plan to the banks that helped him secure the funding to purchase Twitter.
However. the Musk is only planning to monetize selective tweets, such as those that go viral or the ones that contain important information. He’s also looking to make websites pay a fee to quote or embed tweets from verified individuals or organizations on the platform.
The report assures that despite all that he will keep the rest of the “moderation policies on the social media platform…as free as possible.” He has previously teased that Twitter will accept payments in Dogecoin for the Twitter Blue Program.
Musk is looking to cut the salaries which save company millions of dollars. He has big plans for the platform, first and foremost he is looking to make it bastion of free speech, meaning users no longer have to fear about Twitter’s restrictive policies. That being said, people are eagerly waiting to see how the platform transforms under Musk’s ownership.
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