Elon Musk may flip the switch to make X — the social network formerly known as Twitter — an entirely subscription-based platform. Musk brought up the idea of charging all users of X/Twi…

I’m not sure if this is technically Technology news, but I can remove this post if it’s in the wrong community

Archive link: http://archive.today/3XM6s

Musk brought up the idea of charging all users of X/Twitter during a wide-ranging conversation focused on AI that featured Israeli Prime Minister Benjamin Netanyahu on Monday. “[We’re] moving to a small monthly payment for use of the X system,” Musk told Netanyahu, claiming that it is the only way to eliminate the problem of bots, as reported by Bloomberg’s Dave Lee.

Musk didn’t mention timing of his plan to charge X/Twitter users, nor did he say how much it would cost.

Musk, who also is CEO of Tesla and SpaceX, has said X/Twitter ad sales have plunged 50% since he bought the company. “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” Musk posted on July 15.

  • Honytawk@lemmy.zip
    17·
    1 year ago

    If he wanted Twitter to fail, he could have just unplugged all the servers and be done with it.

    No need for him to change the policies so much everyone would leave, break his internet persona, and then declare Xitter bankrupt.

    No, I believe he bought Twitter in order to manipulate the US presidential election by spreading propaganda from what he considers a “left-wing bubble”. But because he has no idea how to run a social media, he is failing to keep it together and by now is throwing stuff against it to see what sticks.

    • Briongloid@aussie.zone
      21·
      1 year ago

      He owes a lot of money to banks, etc, for the company.

      Explicitly closing Twitter would make him liable for destroying other people’s equity. Accidentally destroying twitter while pretending to drastically fix it, while pretending it’s failing against his will and his taking measures to save it, is the only way to kill it without being on the hook for it.