A video taken from a video posted on the Twitter account of Tesla billionaire Elon Musk on October 26, 2022 shows him carrying a washbasin as he walks into Twitter headquarters in San Francisco. Elon Musk changed his Twitter profile to “Chief Twit” and posted a video of him entering the social media headquarters in California carrying a washbasin, days before his controversial takeover of the company. he must be completed.
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Elon Musk have a plan to make Twitter A place where people can shop for goods and be provided with a money market account, the social media company’s new CEO said.
Musk staged a Twitter Spaces audio broadcast on Wednesday to assuage advertisers’ concerns, some of which like General Motors and Volkswagen have halted. Twitter advertising campaign since the billionaire took over.
During the broadcast, Musk described how Twitter plans to “enable monetization for creators,” but it needs to do so in a way that is “competitive with alternatives” to attract them. .
“So there’s a kind of no-brainer move,” Musk said.
Musk then analyzed how verified users who pay $8 monthly to Twitter could benefit because the company will now know that these people have been “authenticated by the payment system.” maths”.
“Now we can say like, OK, you have a balance in your account, do you want to send money to someone else in Twitter?” Musk said. “And maybe we pre-populate their account and say, OK, we’ll give you $10 and you can send it anywhere in Twitter.”
If people want to “get out of the system,” they can transfer their Twitter balance if they have a verified bank account tied to their Twitter account, he explained.
“Then the next step would be to offer an extremely attractive money market account for extremely high returns on your balance,” Musk said.
This could then lead to Twitter adding “debit cards, checks and other things,” he said.
It should be noted that Musk does not say that any of these plans will materialize as it appears he is considering them quickly.
Jeanine TurnerA professor in Georgetown University’s media, culture and technology program, recently told CNBC that Musk will likely need more commercial partners if he wants to bring Twitter with more financial features.
The Twitter CEO recently took a positive stance against advertisers who are boycotting the company, just a few days ago saying “a name fusion and shame is exactly what will happen”. if this continues.”
As Musk outlines his plans for Twitter, share in Teslawhere he is also the CEO, close at lowest level since Nov 2020. Musk sold worth nearly $4 billion in stock in its electric car maker in recent days.
