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Elon Musk says Twitter to move behind paywall as all users forced to pay ‘small’ monthly fee
Elon Musk says Twitter to move behind paywall as all users forced to pay ‘small’ monthly fee
Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number of changes soon after Mr Musk, the multibillionaire owner of X Corp, bought it. The platform is now “moving to having a small, monthly payment for use of the X system” to combat “vast armies of bots”, Mr Musk said during a livestreamed conversation with Israeli prime minister Benjamin Netanyahu on Monday. However, the Tesla and SpaceX boss did not reveal how much the new plan would cost X users or what additional features subscribers would get. During the interaction with Mr Netanyahu, the Tesla titan said X currently has 550 million “monthly users” who generate 100-200 million posts per day, adding that the new change to include a “small amount of money” would be necessary to deal with the problem posed by bots. It is unclear whether the multibillionaire’s figure of 550 million monthly users includes bots and also doesn’t allow comparison with the metric the company has used to estimate its user base, called the “average monetizable daily active users” or mDAUs. But the Tesla chief said a subscription fee would make it more difficult for bots to create accounts as each bot would need a new credit card to register on the platform. “It’s the only way I can think of to combat vast armies of bots,” Mr Musk said. “Because a bot costs a fraction of a penny – call it a tenth of a penny – but even if it has to pay a few dollars or something, the effective cost of bots is very high,” he explained. The platform has historically struggled to curb the activity of bots, with the company’s former security chief Peiter Zatko telling the US Congress last year that Twitter does not even know how many automated accounts are on the site. Mr Musk even cited bots as a reason to back out of buying the social platform before he went on to complete the deal. He has also previously discussed putting all of Twitter behind a paywall. Now the Tesla boss says the rebranded X plans to introduce a new “lower tier pricing” than the $8 monthly fee it currently charges subscribers of its premium Blue service. The conversation between Mr Musk and the Israeli prime minister also touched on topics like AI regulation as well as hate speech and antisemitism on X. Mr Musk claimed during the discussion that he’s “against antisemitism” and “anything that promotes hate and conflict”. “I’m sort of against attacking any group, you know. Doesn’t matter who it is,” the Tesla chief said. Online safety experts have warned about the social media platform under “free speech absolutist” Mr Musk offering “amnesty” to accounts previously suspended for hate speech and instigating violence. Under the Tesla titan, the platform restored the account of former US president Donald Trump who was banned following the 2021 Capitol riots, as well as the profiles of Republican Marjorie Taylor Greene and neo-Nazi website founder Andrew Anglin. Read More The ex factor: the very complex love life of Elon Musk Netanyahu visits Elon Musk in California with plans to talk about artificial intelligence Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering
2023-09-19 13:23
Prince Harry seeks $406,000 in phone hacking lawsuit against British tabloid publisher
Prince Harry seeks $406,000 in phone hacking lawsuit against British tabloid publisher
Prince Harry is seeking 320,000 pounds ($406,000) in his phone hacking lawsuit against the publisher of the Daily Mirror tabloid
2023-07-01 01:20
Uganda Leader Offers to Mediate in Somalia, Somaliland Reunion
Uganda Leader Offers to Mediate in Somalia, Somaliland Reunion
Uganda President Yoweri Museveni offered to become facilitator in the reunification of Somalia with the breakaway Republic of
2023-09-23 21:53
SocGen Downgrades India And Indonesia Stocks on Election Risks
SocGen Downgrades India And Indonesia Stocks on Election Risks
India and Indonesia stocks have potential downside due to uncertainty ahead of their national elections next year, Societe
2023-11-29 14:55
Daiwa Announces Share Buyback as Profit Climbs on Retail Business
Daiwa Announces Share Buyback as Profit Climbs on Retail Business
Daiwa Securities Group Inc.’s profit jumped last quarter as all the main businesses fired for Japan’s second-biggest brokerage.
2023-10-31 16:57
Adicet Announces Appointment of Katie Peng to the Board of Directors
Adicet Announces Appointment of Katie Peng to the Board of Directors
REDWOOD CITY, Calif. & BOSTON--(BUSINESS WIRE)--Jul 11, 2023--
2023-07-11 20:49
LGBTQ+ group suspends Bud Light maker's rating over handling of backlash to transgender influencer
LGBTQ+ group suspends Bud Light maker's rating over handling of backlash to transgender influencer
The country’s largest advocacy group for LGBTQ+ rights has suspended its benchmark equality and inclusion rating for Anheuser-Busch
2023-05-20 05:28
Stock market today: Global markets lower ahead of US inflation update
Stock market today: Global markets lower ahead of US inflation update
Global stock markets and Wall Street futures are lower ahead of this week's U.S. inflation update
2023-08-08 17:25
Dispute over Persian Gulf gas field poses early challenge to Saudi-Iranian rapprochement
Dispute over Persian Gulf gas field poses early challenge to Saudi-Iranian rapprochement
An escalating dispute over a gas field in the Persian Gulf poses an early challenge to a Chinese-brokered agreement to reconcile regional rivals Saudi Arabia and Iran
2023-07-31 18:52
Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year
Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices
2023-09-05 22:17
U.S. Steel to explore strategic alternatives for the company
U.S. Steel to explore strategic alternatives for the company
Steel producer United States Steel Corporation said on Sunday it is initiating a formal review to evaluate strategic
2023-08-14 00:50
Turkish State Banks Resume Supporting Lira as Rout Deepens
Turkish State Banks Resume Supporting Lira as Rout Deepens
Turkey’s state-run banks re-entered the foreign-currency market on Monday, selling as much as $1 billion by midday to
2023-07-03 20:46