Once Elon Musk’s acquisition of Twitter is complete, one of the key changes would be charge for any third-party website or service that embeds tweets into your content. According to Reuters, Elon Musk floated the idea of charging to embed or quote tweets from verified accountsbut that wouldn’t stop anyone from just take a screenshot of a tweet and use it instead, or simply mention the content of said tweet.
“Elon Musk has told banks they’ve agreed to help fund his $44 billion acquisition of Twitter, that he could cut pay for the social media company’s executives and board in the goal of reducing costs, and that it would develop new ways to monetize tweets,” three people familiar with the matter told Reuters.
“Musk had to convince the banks that Twitter was producing enough cash to pay off the debt he was looking for. In the end, he got $13 billion in Twitter-backed loans and a $12.5 billion margin loan tied to his stock. Inc (TSLA.O). He agreed to pay the rest of the consideration with his own money.”
Additionally, Musk mentioned other ways to improve Twitter’s results, such as adjusting the number of employees, and suggested making changes to the Twitter Blue service to make it more attractive to potential followers. .
In discussions with the banks, Musk has reportedly raised the possibility of cutting jobs, but he is not expected to make a firm decision on that until the company is taken private. Additionally, Musk has publicly pondered the possibility of get rid of advisor salarieswhich would save the company about $3 million a year.