Future Twitter owner Elon Musk has said the social network will remain free forever for regular users, but there may be a “small fee” for government entities and commercial accounts.
Musk, who offered to buy the company for $44 billion and received approval from the social network’s board of directors last week, had a number of ideas for new business models in talks with bankers who could fund the purchase. Currently, the bulk of the company’s revenue comes from advertising.
“Twitter will always be free for general users, but there may be a small fee for commercial/government users.”— said the billionaire in his microblog.
The company has recently attempted to expand the business into other areas, including paid subscriptions, but that segment is still insignificant. Before the company offered Twitter Blue for $2.99 a month last year, there were years of discussions about paid products. However, Twitter Blue is not aimed at companies or governments, but at the most dedicated users of the platform, although some services, such as such as long video support, can be used effectively by commercial accounts.
So far, Twitter sells some products aimed at business customers, including access to the Twitter API for brand analysts and companies interested in onsite marketing. As Musk told potential investors, he is ready to return Twitter shares three years after the purchase.