Elon Musk Wants to Quintuple Twitter’s Revenue by 2028

Media say that American billionaire Elon Musk, the founder of electric car company Tesla and spacecraft company SpaceX, wants to quadruple Twitter’s annual revenue to $26.4 billion by 2028, which would be a huge increase.

By 2028, Twitter’s revenue will be worth $26.4 billion, up from $5 billion in 2021. Musk said this in a pitch deck he gave to investors.

As part of his plan, Musk wants to cut Twitter’s reliance on advertising to 45 percent of its total revenue. In 2028, he says, advertising will bring in $12 billion, and subscriptions will bring in $10 billion. According to the document, other businesses would make money from things like data licensing, tips, and shopping.

It will also reach 931 million users, have 104 million subscribers for a new unannounced product called “Product X,” and hire an extra 3,600 people by 2028, says the billionaire.

It was late in April when Musk and Twitter reached an agreement on a deal to buy the social network for about $44 billion. Musk agreed to pay about $ 54.20 per share for each Twitter share. Following this, Musk said that he would like to change how Twitter is used in public debate because “free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where important issues for the future of humanity are debated.”

Earlier, the billionaire said he was willing to put his own money into the deal. Morgan Stanley Senior Funding, Bank of America, Barclays, and other institutions will provide debt financing of about $25.5 billion. Some of that money will be secured by Tesla shares, and about $12.5 billion of that money will be used to pay off some of the debt.

Apart from this. if you are interested, you can also read EntertainmentNumerologyTech, and Health-related articles here: One Punch Man season 3The Resident Season 5Yellowstone season 5Ozark season 4 part 2PUBG Redeem CodeIs Windows 11 FreeKProxyHow to play Xbox Games on PCOzark Season 5How to cancel YouTube TVChurchill Car insuranceThe Rookie Season 5DownloadhubSsr Movies7starhdMovieswoodHow to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 3

6streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFSquid Game Season 2Knightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for your time. Keep reading!

RECENT POSTS

How Long Does a Motorcycle Accident Claim Take to Settle in California?

Most motorcycle accident plaintiffs have never had to contend...

Top 9 Questions Your Personal Injury Lawyer Might Ask You

When you're injured, it's tough knowing who to trust...

What are the Causes and Symptoms of Traumatic Brain Injury?

Traumatic brain injury (TBI) is a serious condition that...

What are the Roles and Responsibilities of a Family Nurse Practitioner?

Family Nurse Practitioner or the FNP specializes in children...

14 Tips for Becoming a Successful Freight Agent

What does it take to become a successful freight...

LIFESTYLE

BUSINESS

TECHNOLOGY

HEALTH

FEATURED STORIES