Explore
Publish a Story
    Login to see your notifications
Sign in / Sign up

Elon Musk wants to charge for the commercial use of Twitter

Business Habit ⋅ @businesshabit ⋅ May 06, 2022

Twitter users may have to pay some fees in the future for business and government purposes. However, ordinary users will now be able to use Twitter for free, according to Elon Musk, the world's richest man who bought the majority of Twitter's ownership. Elon Musk says that in the future, there may be a small "charge" for using Twitter for business and government purposes. News from the BBC


According to a BBC report, Elon Musk recently announced in a Twitter message that he plans to take some 'costs' from Twitter users for business and government work. However, the BBC did not respond to a request for comment.


Elon Musk recently agreed to buy Twitter for USD 44 billion. He then announced plans to impose tariffs on Twitter's commercial users. However, Elon Musk has also announced that new features will be added to Twitter. So that users become more interested in using social media.


Elon Musk has also announced that he will bring social media back to the capital market in a few years. Some analysts also say that Elon Musk plans to resell all shares of Twitter in three years. Concerned parties believe that the process of buying Elon's Twitter will be completed within this year.


According to the Twitter purchase agreement, Elon Musk will buy all the shares of the company. As a result, a public company listed on the stock exchange will become a private company. Last week, Elon Musk sold 8.5 billion worth of shares of his electric-car maker and marketer Tesla.



According to analysts, the world's richest man is selling Tesla shares just to buy Twitter shares. Elon started selling Tesla shares in his hands, and Tesla shares fell 20 percent in the stock market last month. Elon Musk is currently the world's richest man with a net worth of about 2.5 trillion, the Elon's share of which is Tesla.


Elon also owns a large stake in rocket company SpaceX, valued at about USD 10 trillion.


Written By: Hasan Kazi Mustafa 
Category and Tags
Technology Twitter, Twitter Pin, Twitter Pin Services, Twitter Features, Twitter Fees, Twitter Using Cost
More stories by Business Habit
By fiscal 2030, the parent company of Uniqlo hopes to have 80% non-Japanese managers

The operator of Uniqlo, Fast Retailing, is increasing its recruitment efforts outside of Japan with the goal of having 40% of its executive officers and 80% of management be foreign nationals by the end of the company's fiscal 2030 year.The company i

KFC closes more than 100 locations in Malaysia as part of a boycott supporting Palestine

This image shows an empty KFC outlet in Jalan Sultan, Kuala Lumpur, Malaysia. (File photo)Due to the current conflict in Gaza, KFC has scaled back its operations in Malaysia and temporarily closed roughly 20% of its restaurants. This move follows mon

The hotel sector is at the top of investors' interest in Japan

Interest rates in Japan hit a 17-year high. Investors have become optimistic about the country's housing sector after the central bank's decision in March. Those concerned think that investment in the hotel sector will increase, especially in front o

Mobile manufacturing giant Huawei regains the top spot

Photo: ReutersChinese tech giant Huawei has suffered losses since 2019 due to US sanctions. The company's growth was subdued due to its post-pandemic supply chain and lack of inflation. However, in early 2024, China'...

Microsoft's AI will turn still images into videos

Microsoft is bringing a new AI tool to turn any still image captured by the camera or hand-drawn into a real video. Recently, Microsoft Research Asia unveiled a new experimental AI tool called Vasa-1. News: Engadget.The tool will be able to create a

Follow Business Habit on Facebook, Twitter
Business Habit - A community of business minded persons.
Site design / logo © 2012 - 2024 ⋅ Business Habit all rights reserved.
Contact ⋅ Terms ⋅ Privacy