Shulou(Shulou.com)11/24 Report--

Beijing, Nov. 10 (Xinhua) Elon Musk, the new boss of Twitter, said on Wednesday that he plans to make Twitter a place where people can shop here and even provide money market accounts. This plan is a bit like Yu'e Bao, which was launched by Alipay.

Musk held an audio broadcast on Twitter's voice chat room Spaces on Wednesday to allay advertisers' concerns. Since he took over Twitter, some advertisers such as General Motors and Volkswagen have suspended their advertising campaigns on Twitter.

In an audio broadcast, he described how Twitter plans to "generate revenue for creators", but said it needed to attract creators in a way that "can compete with other alternatives". "it's a move you don't even have to think about." He said.

The Twitter version of Yu Yu Pomask went on to discuss how certified users who pay $8 a month to Twitter will benefit the company, because Twitter now knows that these people have "passed the certification of the payment system."

"now we can say, OK, you have a balance in your account. Do you want to transfer the money to someone else on Twitter?" Musk hypothesized, "maybe we can pre-populate their accounts and say, OK, we'll give you $10, and you can transfer money anywhere on Twitter."

He explained that if people want to "exit the system", they will be able to transfer their Twitter account balance, as long as they are bound to a certified bank account for their Twitter account. "the next step will be to provide a very attractive money market account so that users can get a very high rate of return on the balance." Marc said. This could lead to Twitter adding "debit cards, checks and the like", he said.

It should be pointed out that Musk did not guarantee that these financial plans would be fulfilled, and it looked as if he was brainstorming in a hurry.

Jeanine Turner, a professor of communication, culture and technology at Georgetown University, said in a recent interview that if Musk wanted to inject more financial functions into Twitter, he might need a lot of business partners.

There will be no preferential treatment for Tesla Musk on Wednesday to reassure advertisers that carmakers' peers should continue to advertise on Twitter. He promised that when he led two companies at the same time, he would not give Tesla an unfair advantage.

He said he hoped that auto industry executives would be more active on the platform. "We will be as fair as possible." Marc said.

Tesla shares closed at their lowest level since November 2020 as Mr Musk continued to spend energy making plans for Twitter. In recent days, Musk has sold nearly $4 billion of Tesla shares.

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