Elon Musk wants to charge $8 dollars a month for Twitter’s Blue ServiceThe new owner and CEO of Twitter took to his social media platform saying the current “lords and peasants’ system was unacceptable, although he used an expletive.
Managing Director at Wedbush Securities, Daniel Ives says, “The problem for Musk is monetization. I mean, Twitter, as pervasive as it is, it’s basically been a treadmill stock, a troubled asset. He has a lot of wood to chop. I think there’s going to be probably a paid subscription piece. He’s going to have to increase engagement. Clearly, headcount cuts will be on the horizon.
Principal Analyst at Insider Intelligence, Jasmine Enberg adds, “Twitter has consistently underperformed relative to its peers in terms of both revenues and in terms of users as well. Now, I expect that its Q3 earnings will show that there has been even more turmoil at the company. I expect its ad business to continue suffering from the impacts of many of the problems that it and the rest of the social media companies have been dealing with.
Business is business!
Great news
He got jokes this one
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