Elon Musk recently hinted that everyone using X (formerly known as Twitter) might need to start paying to use the platform.
Elon Musk, the billionaire, had a talk with Israel’s Prime Minister Benjamin Netanyahu. In their conversation, Musk mentioned that the only way to deal with bots (automated accounts) on X, formerly known as Twitter, is by making users pay a small monthly fee to access the platform.
Musk has been encouraging users to subscribe to X Premium, a paid version of the platform, by offering extra features like longer posts and increased visibility. However, currently, people can still use X for free.
Musk believes that charging even a small amount for using the platform will deter bots because it becomes costly for them. He mentioned that bots cost very little to create, but when they have to pay even a small fee, it makes their operation less profitable.
X Premium currently costs $8 per month in the US, with different prices in other countries. Musk is also considering introducing lower-priced options to make it more accessible.
However, there is a risk that putting X behind a paywall could lead to a significant drop in users, which might impact the platform’s advertising revenue, its main source of income.
Musk and Netanyahu also discussed the issue of antisemitism on X. The platform has faced criticism for not doing enough to combat antisemitic content. Musk reiterated his stance against antisemitism, and Netanyahu emphasized the importance of striking a balance between free speech and content moderation while addressing hatred and discrimination.
In simpler terms, Elon Musk talked with Israel’s Prime Minister about making people pay a small fee to use X to combat fake accounts. He wants to offer lower prices too. But, if X becomes paid, it might lose users, which could affect its money from ads. They also talked about dealing with hate speech, particularly antisemitism, on X.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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