Walter Isaacson, who has written a new biography of billionaire Elon Musk, joins ‘Cavuto: Coast to Coast’ to preview the fascinating life of the tech pioneer.
Billionaire CEO Elon Musk said Monday he plans to charge a monthly fee to use his social media platform X, formerly known as Twitter.
The new subscription payment to access X will be less than the $8 currently charged for X Premium, Musk said during a live-streamed event with Israeli Prime Minister Benjamin Netanyahu. The topic of their discussion was artificial intelligence, and Musk’s comments on X’s pricing plan came after Netanyahu mentioned the problem of bot accounts that amplify hate speech.
According to Axios, Musk responded, “The single most important reason we’re moving to a small monthly payment for the use of the I can fight the huge armies of the
Musk explained that the subscription fee would make it more difficult for people to create bot accounts because each account would require registering a new credit card.
Elon Musk threatens to sue ADL for allegedly trying to ‘kill’ X/Twitter by ‘falsely accusing’ antisemitism
Tesla and X CEO Elon Musk speaks to reporters as he leaves the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC (Nathan Howard/Getty Images/Getty Images)
He said that
Musk previously vowed on Twitter to “defeat spam bots” or “die trying.” Last year, they threatened to back out of their $44 billion deal to buy Twitter, citing concerns over the number of bots and spam accounts on the platform, and claiming that they account for more than 20% of the accounts on Twitter. represent.
At the time, Twitter’s previous owners said the number was closer to 5%.
It remains to be seen whether a basic subscription fee to use X will mitigate the bot problem. Still, it would certainly soften the blow to X’s revenue from advertisers leaving the platform.
Elon Musk vows to ‘defeat spam bots’ or ‘die trying’ if Twitter bid is successful
In this illustration on September 3, 2023 in Brussels, the new Twitter logo, rebranded as an X, is displayed on a mobile with Elon Musk in the background. Musk on Monday floated the idea of adding a basic subscription fee to use X. (Jonathan Rae/Nurfoto via Getty Images/Getty Images)
Musk said earlier this month that X’s advertising revenue was down 60%. He attributed the exodus of advertisers to pressure from the Anti-Defamation League and other groups that disagree with X’s content moderation policies. Musk’s belief that the harsh approach used by Twitter’s previous leadership to content moderation harmed free speech was a driving factor in his decision to purchase the company.
Since Musk’s acquisition, the ADL has issued several reports attacking X.
Six months after Musk’s takeover, the ADL said in May that then-Twitter content moderation “missed the mark,” allowing previously banned accounts to connect “through shared anti-Semitism and other hatred.” The ADL Center for Technology & Society said it “found that Twitter does not enforce its policies on anti-Semitism, even when flagged content openly incites violence.”
The ADL also objected to how, in April, Twitter “quietly withdrew the section of its hateful conduct policy that prohibits users from abusing transgender people.”
Elon Musk to meet Israeli PM Netanyahu amid fight with Anti-Defamation League: Report
A worker removes letters from a Twitter sign outside Twitter headquarters in San Francisco on July 24, 2023. Twitter was a micro-blogging website that anyone could sign up to at no charge. Now the owner of what is called X, Elon Musk, said that he (Photo by Justin Sullivan/Getty Images/Getty Images)
In response, Musk threatened to file a lawsuit against the ADL for trying to “kill” X with defamatory claims about hate speech on its platform.
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“To be clear, I’m a supporter of free speech, but I’m against any kind of anti-Semitism,” Musk said.