Elon Musk's new Twitter plan considers charging companies for embedded tweets.
The Twitter logo is seen on a phone in this photo illustration in Washington, DC, on July 10, 2019.
This means that websites and other businesses using the social media platform to promote their products need to pay before posting their content.
Ever since the billionaire purchased Twitter for billions of dollars, he had been the focus on the social media's fans. Most of his statements are observed since he now owns the online platform.
Musk explained the reason behind his latest plan for Twitter.
Elon Musk Twitter Plan: Paid Embedded Tweets?
According to Independent UK's latest report, the popular tech CEO stated that charging companies for embedded tweets can attract more lenders.
Tesla head Elon Musk talks to the press as he arrives to to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. Musk is currently in Germany where he met with vaccine maker CureVac on Tuesday, with which Tesla has a cooperation to build devices for producing RNA vaccines.
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Elon further explained that this would attract more lenders that Twitter could take advantage of. On the other hand, some anonymous sources claimed that Elon was negotiating with the banks.
They added that these financial firms helped him secure the $44 billion funding he used to buy Twitter. The banks then decided to lend him $25.5 billion after he convinced them that the social media platform could generate income.
It is still unclear if the suggested action of the billionaire can trigger a deal cancellation. If Twitter ever decided to remove the deal, the company needs to pay around a $1 billion penalty.
Elon Musk Shares Opinion About Far-Left Individuals
While the billionaire announced his latest Twitter plan, he also shared his opinion regarding far-left people.
In one of his new tweets, he claimed that far-left people actually hate everybody.
"The far left hates everyone, themselves included!" said the billionaire via The New York Post.
But I’m no fan of the far right either.
— Elon Musk (@elonmusk) April 29, 2022
Let’s have less hate and more love.
But, he said that he is not also a fan of far-right individuals. Instead, he suggested that far-left and far-right people show more love instead of hate.
Meanwhile, Elon Musk said that Twitter DMs should be similar to Signal.
On the other hand, Twitter ensured that Elon Musk's buyout would not make the platform more toxic.
For more news updates about Elon Musk and Twitter, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
