Reuters has revealed that the South African entrepreneur is considering making money from tweets in a variety of ways, as well as slashing the salaries of executives, which could result in $3 million in savings.
It’s been said that Musk has thought about monetizing tweets specifically “that contain important information or go viral,” or having other sites pay a fee in order to be able to embed tweets on their page from verified accounts.
Overall, the Tesla head’s goal is to keep “moderation policies on the social media platform as free as possible.”
Frequent users of the app may already know about Twitter Blue, which Musk also hopes to make changes to, including decreasing the pricing from $2.99 per month, prohibiting ads, and allowing users to pay for their subscription with Dogecoin.
As Complex notes, the father of eight “secured $13 billion in loans and another $12.5 billion margin loan fixed to his Tesla stock” for his impressive purchase, paying for the balance in cash.
Though some have criticized him for taking over Twitter, the website’s former CEO, Jack Dorsey, made it clear that he believes Musk is the right man for the job.
“Elon is the singular solution I trust. I trust his mission to extend the light of consciousness,” he wrote recently.