According to Tesla CEO Elon Musk, business and government Twitter users may have to pay a “slight” charge to continue using the social media network.

It comes after the board of directors of Twitter agreed to Mr Musk’s $44 billion (£34.5 billion) buyout bid. Mr Musk, on the other hand, stated that the site will always be free for “casual users.” He had previously said he wanted to “make Twitter better than ever by enhancing the product with new features”.

Musk also wrote:

Earlier, Mr Musk tweeted a link to a CNN report calling for some of the biggest firms in the United States to boycott Twitter if Mr Musk reverses content moderation standards curbing hate speech. He has claimed that Twitter’s moderation practices endanger free expression.

Mr Musk has stated that since agreeing to acquire Twitter, he has intended to make adjustments to assist boost the attractiveness of what he refers to as a “niche” network.

He has stated that he will add new features and make modifications to Twitter Blue, the company’s new premium membership service, including lowering the price.

According to Twitter, the paid-for supplementary service would include features such as a “undo tweet” button, bookmarks, and a reader mode. Mr Musk has also stated that he intends to eradicate spam bots from the network and authenticate all genuine users.

He announced at the annual Met Gala in New York on Monday that he would make Twitter clear about how tweets are promoted or downgraded, and that its software will be open to public review.

Meanwhile, the multibillionaire has allegedly told potential investors that he plans to relist the social media company on the public exchange in a few years.

According to the Wall Street Journal, which cited people familiar with the subject, Mr Musk intends to sell Twitter shares again as soon as three years after purchasing them. His purchase of the firm is scheduled to be finalized later this year, subject to conditions such as shareholder and regulatory clearance.

Under the terms of the agreement, he will purchase all of the business’s present stock market shares, converting it from a publicly traded corporation to a private one.