Twitter declined to comment on Musk's suggestions.
Twitter Inc.'s largest shareholder on Saturday suggested changes to the social media giant's Twitter Blue premium subscription service, including slashing its price, banning advertising and offering the option to pay in the cryptocurrency Dogecoin.
Musk, who a few days ago disclosed a 9.2% stake in Twitter, was offered a seat on its board of directors, a move that left some Twitter employees terrified of the future of the ability to moderate content.
Twitter Blue, launched in June 2021, is Twitter's first subscription service and offers "exclusive access to premium features" on a monthly subscription basis, Twitter says. It is available in the United States, Canada, Australia and New Zealand.
In a Twitter post, the head of electric vehicle maker Tesla suggested that users signing up for Twitter Blue should pay significantly less than the current $2.99 per month, and an authentication checkmark as well as the option to pay in the local currency. You should get the option.
"Price probably should have been ~$2/month, but paid 12 months ago and account didn't get checkmarked for 60 days and suspended with no refund," Musk said in a tweet.
"No more ads," Musk suggested. "The policy-making power of corporations is greatly increased if Twitter relies on advertising money to survive."
Musk also proposed an option to pay with Dogecoin and asked Twitter users for their thoughts.
Twitter declined to comment on Musk's suggestions. (Reuters)