Will You Stay On Twitter If You Have To Pay?
CHARLOTTE, N.C. — The world’s richest man, Elon Musk, will soon take over Twitter, one of the world’s most influential platforms. On paper, Twitter seems rather ordinary. It has less users, and brings in less revenue than rival Meta.
But why does the take over feel like such a big deal?
Experts say it’s largely because of the unknown, and the major influence the social media platform has on society. According to the Pew Research Center, more than two thirds of users say Twitter is the most important source of news. Experts predict several changes may be ahead, including the move to modernize and monetize Twitter. Wedbush analyst Daniel Ives says, “It’s probably turning into a subscription platform…three dollars a month. They’ll lose significant amount of users, but probably those that would stay on now, it’s significantly increased revenue.”
We asked people around town if they would stay on Twitter if they had to pay:
“No. I wouldn’t pay money to be on social media at all.”
“I would definitely say not. No. Nope.”
“I’m just anti-Twitter now.”
“I mean…yeah, maybe. I’d do it. Yeah, of course.”
Musk appears to want to loosen the rules on Twitter, condemning Twitter’s current approach to content censorship. Musk does that while many others, from former President Barack Obama to European Union lawmakers, have proposed holding social media platforms to a tougher standard.
Our question of the night: will you stay on Twitter if you have to pay?
This episode’s panel features:
WCCB TV’s Morgan Fogarty
WCCB TV’s Kaitlin Wright
WCCB News Edge contributor and host of Live With The QCB on 94.7FM, Tremaine “QCB” Sloan