Tesla CEO Elon Musk reportedly considered opening a “paywall” for all Twitter users. Twitter has not yet commented on this.
After taking charge of Twitter, Elon Musk has imposed an $8 per month subscription fee on Twitter Blue (“Blue V Certification”).
In addition, in addition to firing a series of executives such as the former CEO and CFO of Twitter, Elon Musk has also made major layoffs at Twitter, with more than 50% of the staff being cut. In addition, Twitter India layoffs more than 90% of the staff, only 10 or so people left.
The reason for these big moves may be exactly what Elon Musk tweeted on social media: “Twitter’s revenue has plummeted due to pressure on advertisers,” so he made a move to increase revenue. But Elon Musk’s takeover has sparked concern among many advertisers, with major advertisers such as Audi, General Mills and United Airlines pulling out of the platform.
