IT

Elon Musk Seeks to Revitalize Twitter and Double its Revenue

Elon Musk aims to increase Twitter's revenue fivefold from current levels to $26.4 billion by 2028

According to the New York Times, Elon Musk aims to increase Twitter’s annual revenue to $26.4 billion by 2028, compared to last year’s $5 billion levels.

Advertising will reduce the share of advertising to 45% of total revenue under Musk’s management, compared to its level in 2020 of 90%, which will provide 12 billion dollars in revenue by 2028, and is also expected to secure 10 billion dollars in subscriptions, and the head of the electric car maker aims Tesla will increase Twitter’s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.

Musk made a deal last month to buy Twitter for $44 billion in cash, in which the head of Tesla would control the social networking platform Twitter used by millions of people and many presidents and leaders around the world. Read more [Twitter Firm Accepts Elon Musk’s Takeover Offer].

Billionaire Elon Musk promised to develop and prosper the company and increase the number of users, by cracking down on spam emails sent to users by bots, and reducing the extent of moderation and bias to allow for freedom of expression, and Musk also predicts that Twitter will have 11,072 employees. by 2025, which is higher than the current number of employees of 7,500. Read More [Musk Gives Up Some Tesla Shares to Complete Twitter Deal].

As for Twitter Blue, Twitter’s premium subscription service launched last year, it is expected to reach 69 million users by 2025. Read more [Elon Musk Suggests Paying DOGE For Blue Twitter Subscribers].

Related Articles

Back to top button