Saturday, July 5, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Elon Musk brainstorms plans for how payments could work on Twitter

by Euro Times
November 10, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


A video grab taken from a video posted on the Twitter account of billionaire Tesla chief Elon Musk on October 26, 2022 shows himself carrying a sink as he enters the Twitter headquarters in San Francisco. Elon Musk changed his Twitter profile to “Chief Twit” and posted video of himself walking into the social network’s California headquarters carrying a sink, days before his contentious takeover of the company must be finalized.

– | Afp | Getty Images

Elon Musk has plans to make Twitter a place where people can shop for goods and be offered money market accounts, the new CEO of the social media company said.

Musk held a Twitter Spaces audio broadcast on Wednesday intended to assuage the concerns of advertisers, some of which like General Motors and Volkswagen have paused their Twitter ad campaigns since the billionaire took over.

During the broadcast, Musk described how Twitter plans to “enable monetization for creators,” but that it needs to do so in a manner that’s “competitive with the alternatives” to entice them.

“So there’s a kind of no-brainer move,” Musk said.

Musk then segued into how verified users who pay an $8 monthly subscription to Twitter would be able to benefit because now the company will know that these people have been “authenticated by the payment system.”

“Now we can say like, OK, you’ve got a balance on your account, do you want to send money to someone else within Twitter?” Musk said. “And maybe we pre-populate their account with and say, OK, we’re gonna give you 10 bucks, and you can send it anywhere within Twitter.”

If people wanted to “exit out of the system” they would be be able to transfer their Twitter balance if they have attached authenticated bank accounts to their Twitter accounts, he explained.

“Then the next step would be to offer an extremely compelling money market account to get extremely high yield on your balance,”  Musk said.

This could then lead to Twitter adding “debit cards, checks and whatnot,” he said.

It should be noted that Musk was not saying that any of these plans would come to be as it seemed he was brainstorming them on the fly.

Jeanine Turner, a professor in Georgetown University’s communication, culture and technology program, recently told CNBC that Musk will likely need many commerce partners if he wants to imbue Twitter with more financial features.

The Twitter CEO has recently been taking an aggressive stance toward advertisers that are boycotting the company, saying just a few days ago that “a thermonuclear name & shame is exactly what will happen if this continues.”

As Musk sketches out his plans for Twitter, shares in Tesla, where he is also CEO, closed at their lowest point since November 2020. Musk has sold nearly $4 billion worth of shares in his electric car maker in recent days.

Watch: The opportunities at Twitter are gigantic



Source link

Tags: brainstormsElonMuskpaymentsplansTwitterwork
Previous Post

Progressive Leaders React to Current Election Results

Next Post

Binance walks away from purchase to help save FTX, crypto related assets crash : stocks

Related Posts

What Moved Markets This Week

What Moved Markets This Week

by Wall Street Breakfast
July 5, 2025
0

Looking for Alpha's Calls Of The Week NextEra Power (NEE) Turns Headwinds Into Strategic Leverage.BST: Engaging Magnificent 7-Heavy CEF With...

Crude oil prices may rebound as supply tightens and geopolitical tensions ease, say experts

Crude oil prices may rebound as supply tightens and geopolitical tensions ease, say experts

by zee business
July 5, 2025
0

Crude oil costs may even see a restoration within the close to time period as constructive indicators emerge from the...

NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

by ETMarkets.com
July 5, 2025
0

Though BSE, established in 1875, is Asia’s oldest inventory alternate, it's NSE—based in 1992—that has come to dominate India’s markets....

What Women Want And Do Not Want In 2025

What Women Want And Do Not Want In 2025

by Khushi Maheshwari
July 5, 2025
0

Gone are the times, hopefully, when harassing a girl on a shifting prepare was seen as 'peak romance'. The 'unhealthy...

Luma Fertility raises  mn seed funding led by Peak XV’s Surge

Luma Fertility raises $4 mn seed funding led by Peak XV’s Surge

by Euro Times
July 5, 2025
0

The funding will help development past Mumbai over the subsequent two years, tapping into India’s quickly rising fertility providers market....

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

by Euro Times
July 4, 2025
0

Microsoft has formally exited Pakistan after 25 years of operations, based on the CEO who launched the tech large’s presence...

Next Post
Binance walks away from purchase to help save FTX, crypto related assets crash : stocks

Binance walks away from purchase to help save FTX, crypto related assets crash : stocks

iPhone apps still track you even when you tell them not to

iPhone apps still track you even when you tell them not to

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

July 5, 2025
BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

July 5, 2025
Cathie Wood Suggests Government Settlement in Bitcoin Shift

Cathie Wood Suggests Government Settlement in Bitcoin Shift

July 5, 2025
Kenyan president plans to build huge church at his official residence

Kenyan president plans to build huge church at his official residence

July 5, 2025
Things Are About To Get Very Ugly For Republicans Who Voted To Cut Medicaid And SNAP

Things Are About To Get Very Ugly For Republicans Who Voted To Cut Medicaid And SNAP

July 5, 2025
MDLZ Quantitative Stock Analysis | Nasdaq

MDLZ Quantitative Stock Analysis | Nasdaq

July 5, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In