Elon Musk’s Big Twitter Plans
Mr. Musk, the world’s wealthiest person, has just delivered a presentation deck to investors describing his lofty — some would say fantastic — aspirations for Twitter and its financial objectives. Here’s a sneak peek at what Mr. Musk envisions for the social media site in the coming years. By 2028, sales will have quadrupled to $26.4 billion. Mr. Musk stated in his presentation PowerPoint that he would boost Twitter’s annual income to $26.4 billion by 2028, up from $5 billion last year. Advertising would account for 45 percent of overall income under Mr. Musk’s plan, down from about 90 percent in 2020.
According to entrepreneur and financial expert Eric Schiffer, Elon Musk will most certainly upgrade Twitter. Musk also said that he would look for methods to make Twitter “more inspiring and more exciting” to engage in. She also compared Musk to her previous employer, Mark Zuckerberg, claiming Musk can better absorb input and make substantial improvements. This is true not just from a financial standpoint, but also from its potential to impact news, culture, society, and, of course, business, according to Schiffer. It’s not only about being a participant, but also about being an orchestrator, he continued, pointing to Musk’s
Elon Musk promised investors he’d probably double or quadruple their money if they supported his Twitter purchase
According to The New York Times, Elon Musk promised investors that if they supported his Twitter purchase, he’d probably double or treble their money. According to The New York Times, Elon Musk told investors he was convinced he could double or treble their money if they supported his $44 billion takeover of Twitter. Musk said that he had secured $46.5 billion in funding for the purchase before making his official bid to acquire Twitter. Musk reportedly promised investors he might increase Twitter’s user count to more than 500 million by 2025, four persons briefed on Musk’s investment presentations told The Times. According to the New York Times, Musk assured investors that he will serve as CEO of Twitter for a period of time.
Advertising will decline to 45 percent of overall income under Musk, down from approximately 90 percent in 2020, earning $12 billion in revenue in 2028, while subscriptions are predicted to draw in another $10 billion, according to the research. According to the presentation, Elon Musk, CEO of Tesla Inc (TSLA.O), wants to raise Twitter’s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028. Musk expects to grow Twitter’s average income per user to $30.22 in 2028, up from $24.83 last year, according to
Elon Musk intends to fire 1,000 Twitter employees in order to double earnings from 69 million users paying $3 per month.
Elon Musk intends to fire 1,000 Twitter employees as soon as his acquisition of the social media network is completed. Following the transfer of ownership, which is expected to take six months, Musk is expected to remove many of the firm’s progressive employees.
Twitter Blue, the company’s premium membership service introduced last year, is estimated to generate $69 million in revenue by 2025. Musk expects that initiatives to increase Twitter’s user base would result in more people signing up for Twitter Blue. Twitter Blue, which will be available in June 2021, is reported to provide ‘exclusive access to premium services on a monthly subscription basis Musk also offered a dogecoin payment option and solicited feedback from Twitter users. Musk asked Twitter followers whether they wanted one.