![Musk says Twitter, now X, is moving to monthly subscriptions Musk says Twitter, now X, is moving to monthly subscriptions](https://i0.wp.com/image.cnbcfm.com/api/v1/image/107300059-1694614982232-gettyimages-1662699823-AFP_33V72U7.jpeg?fit=%2C&ssl=1)
Elon Musk discussed his plans for Twitter, now known as X, during a live conversation with Israeli Prime Minister Benjamin Netanyahu on Monday. Among other things, Musk said the social network is “shifting to paying a small monthly fee to use System X” to combat the “massive bot army.” Musk did not say how much the new plan would cost social network users. network, or what other features are or are not included in the lowest tier of payments.
During the live broadcast, Musk also revealed some new metrics for X, claiming it now has 550 million “monthly users” and generates 100 million to 200 million posts per day.
Musk did not disclose how many of the company’s monthly users are real, as opposed to bots. Nor did he make an apples-to-apples comparison with metrics Twitter had previously used. In May 2022, before Musk takes over, Twitter coverage Its “average monetizable daily active usage” is 229 million.
Monday’s discussion with Netanyahu aimed to focus on the theoretical risks of artificial intelligence technology and how it should be regulated. However, Musk has also used it to counter the perception that his social network is filled with hate speech and anti-Semitism.
The meeting follows widespread criticism of Musk from Western civil rights groups, accusing him of exaggerating bigotry on social networks, including anti-Semitic accounts, content and conspiracies.
In recent weeks, Musk has threatened to sue the Anti-Defamation League, a Jewish-led group, claiming they were trying to “kill” his social network. Musk blamed the ADL, rather than his own business decisions, for X’s (Twitter) 60% revenue decline and said he had “no choice” but to file a defamation lawsuit against the organization.
Musk and X Corp. have not filed any known lawsuits against ADL and did not immediately respond to a request for comment.
Before meeting Netanyahu, Musk also accused the Soros Foundation of wanting to “destroy” Western civilization.The Hungarian-American Jewish philanthropist is the subject of much attention Anti-Semitic conspiracy theories He is also the founder of the Open Society Foundation, which makes donations to various civil society groups.
On Twitter, Musk has repeatedly disparaged transgender people, federal regulators, politicians, journalists, whistleblowers, company critics and short sellers. Despite this history, Musk told Netanyahu on Monday, “You know, I’m kind of opposed to attacking any group. No matter who it is.” In order to become a “space-faring civilization.” He added, “We can’t do that if there’s a lot of infighting and hatred and negativity.”
After acquiring Twitter for about $44 billion in late October 2022, Musk implemented massive layoffs and made sweeping changes to the platform.He continues to run the company as its largest shareholder, chief technology officer and executive chairman, while also serving as the automaker’s CEO Tesla and space company SpaceX.
In addition, he also issued an “amnesty” to previously suspended accounts – a move that was strongly criticized by cybersecurity and hate speech experts. Under his stewardship, Twitter (X) reinstated former President Donald Trump’s account, which had been banned by Twitter for encouraging the January 6, 2021, Capitol insurrection. Musk’s Twitter also reinstated the personal accounts of far-right Rep. Marjorie Taylor Greene and neo-Nazi website founder Andrew Anglin.
Musk also canceled Twitter’s old “bluecheck” verification system, which helped users identify real accounts belonging to public figures, including celebrities, elected officials, scientists, authors, business and education leaders, professional journalists, etc.
Under the social network’s current system, paying users can display a blue subscriber badge next to their name. Those who pay will see their posts prioritized among other users’ feeds. Those who don’t pay to use the social network will have their posts downgraded to a lower amplification level or may see lower engagement on the platform. On Monday, Musk reiterated his belief that converting users into paying subscribers would make deploying bots on the platform cumbersome and unaffordable.
Twitter is currently trying to gain permission to become a transmitter of money across the United States. It has received permission to do so in eight states, according to public records.
Svlook