A video seize taken from a video posted on the Twitter account of billionaire Tesla chief Elon Musk on October 26, 2022 reveals himself carrying a sink as he enters the Twitter headquarters in San Francisco. Elon Musk modified his Twitter profile to “Chief Twit” and posted video of himself strolling into the social community’s California headquarters carrying a sink, days earlier than his contentious takeover of the corporate have to be finalized.
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Elon Musk has plans to make Twitter a spot the place folks can store for items, and will even provide cash market accounts, the brand new CEO of the social media firm mentioned Wednesday.
Musk held a Twitter areas audio broadcast on Wednesday meant to assuage the issues of advertisers, a few of which like General Motors and Volkswagen have paused their Twitter advert campaigns because the billionaire took over.
During the published, Musk described how Twitter plans to “enable monetization for creators” however it wants to take action in a way that is “competitive with the alternatives” to entice them.
“So there’s a kind-of no-brainer move,” Musk mentioned.
Musk then segued into how verified customers who pay an $8 month-to-month subscription to Twitter will profit the corporate as a result of now Twitter is aware of that these folks have been “authenticated by the payment system.”
“Now we can say like, okay, you’ve got a balance on your account, do you want to send money to send money to someone else within Twitter?” Musk hypothetically posed. “And maybe we pre-populate their account with and say, Okay, we’re gonna give you 10 bucks, and you can send it anywhere within Twitter.”
If folks wish to “exit out of the system” they’ll be capable of switch their Twitter stability if they’ve hooked up authenticated financial institution accounts to their Twitter accounts, he defined.
“Then the next step would be to offer an extremely compelling money market account to get extremely high yield on your balance,” Musk mentioned.
This may then result in Twitter including “debit cards, checks and whatnot,” Musk mentioned.
It ought to be famous that Musk was not guaranteeing that any of those monetary plans would come forth, and it appeared as if he was brainstorming them on the fly.
As Jeanine Turner, a professor in Georgetown University’s Communication, Culture and Technology program, not too long ago instructed CNBC, Musk will probably want many commerce companions if he desires to imbue Twitter with extra monetary options.
The Twitter CEO has not too long ago been enterprise an aggressive stance towards advertisers who’re boycotting the corporate, saying just some days in the past that “a thermonuclear name & shame is exactly what will happen if this continues.”
As Musk sketches out his plans for Twitter, shares in Tesla, the place he’s additionally CEO, closed at their lowest level since Nov. 2020. Musk has bought practically $4 billion value of shares in his electrical automotive maker in current days.
Watch: The alternatives at Twitter are gigantic
Source: www.cnbc.com”