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Elon Musk plans to make Twitter public for general with ‘slight’ cost for commercial users | World | News

However, Mr Musk stated the positioning would at all times be free for “casual users”. He had beforehand stated he wished to “make Twitter better than ever by enhancing the product with new features”.

The SpaceX founder tweeted: “Ultimately, the downfall of the Freemasons was giving away their stonecutting services for nothing.

“Twitter will always be free for casual users, but maybe a slight cost for commercial/government users.”

Meanwhile, the multi-billionaire has reportedly informed potential buyers that he could return the social media agency to the stock market in just some years.

Mr Musk reportedly plans to promote Twitter shares once more in as little as three years after shopping for it, in accordance to the Wall Street Journal, which cited folks acquainted with the matter.

His takeover of the company is predicted to be accomplished later this year, topic to situations together with the approval of Twitter’s shareholders and regulators.

Under the deal he’ll purchase all of the shares within the company which are presently out there on the stock market, taking it from being a publicly-owned company to a personal one.

Earlier, Mr Musk had tweeted a hyperlink to a CNN story which referred to as for a number of the US’ largest manufacturers to boycott Twitter if Mr Musk rolls again content material moderation insurance policies limiting hate speech.

He has argued that Twitter’s moderation insurance policies pose a menace to freedom of speech.

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Mr Musk is the world’s richest individual, with an estimated web price of round $250bn, largely due to his Tesla stake.

He additionally has a controlling stake within the rocket company SpaceX, which is estimated to be price $100bn.

Last week, Mr Musk offered roughly $8.5bn price of shares in Tesla, which led to hypothesis that he’ll use the money to assist finance his buyout of Twitter.

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