Should You Pay to Tweet? Musk Wants to Put X, Formerly Known as Twitter, Behind a Paywall
Elon Musk says his social media platform X, previously known as Twitter, could be introducing a paywall for all users. Musk said the paywall would be a "small amount of money" and a "lower tier pricing." This is aimed to be the "only defense against armies of bots." Introducing a paywall for all users is something Musk and one of his advisers had discussed last year as a possible strategy for the platform. Musk is pushing for changes like this to put Twitter on a path toward profitability, as the company is still experiencing heavy losses, according to the billionaire.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Elon Musk says his social media platform, X, previously known as Twitter, could be introducing
00:07 a paywall for all users.
00:10 Musk said the paywall would be a small amount of money and a lower tier pricing.
00:15 This is aimed to be the only defense against armies of bots.
00:18 Introducing a paywall for all users is something Musk and one of his advisors had discussed
00:23 last year as a possible strategy for the platform.
00:26 Musk is pushing for changes like this to put Twitter on a path toward profitability.
00:31 Is the company still experiencing heavy losses?
00:34 According to the billionaire.
00:35 For all things money, visit Benzinga.com.
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