X/Twitter Looking to Charge All Users Monthly Fees, According to Musk

X/Twitter Looking to Charge All Users Monthly Fees, According to Musk

Elon Musk is looking at charging all users on “X” — formerly Twitter. 

“The comments, which he made during a live-streamed event on X with Israeli Prime Minister Benjamin Netanyahu, come as the company struggles to regain trust with advertisers,” reported Axios. “Musk said earlier this month that Twitter's U.S. ad revenue was down 60%. He has blamed the company's ad challenges on civil rights and consumer groups putting pressure on big brands.”

Musk in the conversation blamed “bots.”

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"The single-most important reason we're moving to having a small monthly payment for use of the X system is it's the only way I can think of to combat vast armies of bots,” Musk said. 

It marks the latest development for the Musk-led platform. 

As GoLocal wrote in February, “More Layoffs in Tech - Twitter Cuts Off Internal Communications for Employees:”

"On Sunday, The New York Times reported, “Twitter laid off at least 200 of its employees on Saturday night, three people familiar with the matter said, or about 10 percent of the roughly 2,000 who were still working for the company. 

Elon Musk, who acquired the social media platform in October, has steadily pared back its workforce from about 7,500 employees as he has sought to reduce costs.”