Posted on 05/07/2022 5:22:23 PM PDT by conservative98
During a presentation to woo investors, Elon Musk laid out his plans for what actions he intends on implementing when he takes over Twitter. Musk reportedly told investors that he would clean house at Twitter, but then go on a hiring spree. The Tesla CEO also assured investors that he would quintuple revenue on the social media platform within a few years and launch a new mystery product named "X," according to a new report.
Musk reportedly told financial backers that he would quintuple Twitter’s annual revenue from $5 billion in 2021 to a whopping $26.4billion by 2028.
The New York Times reported, "Twitter would bring in $15 million from a payments business in 2023, according to the document, which would grow to about $1.3 billion by 2028."
Musk allegedly wants to rely on advertising far less – dropping from roughly 90% of total revenue in 2020 to about 45% of total revenue derived from advertising. Instead, the SpaceX founder expects to take in nearly $10 billion from subscriptions to the social media platform.
Don't miss out on content from Dave Rubin free of big tech censorship. Listen to The Rubin Report now. Musk also plans to release a new product that is mysteriously named "X." The enigmatic product X would launch in 2023, and Musk estimates the service will have 104 million users in 2028. The Times hypothesizes that the mystery product could be an "ad-free experience on Twitter."
The South African billionaire told investors that he plans to grow Twitter from 217 million users in 2021 to 931 million in 2028. He believes that by 2025, Twitter Blue – the platform's $3 monthly subscription that provides additional features – will grow nicely to 69 million users.
Musk is planning to fire 1,000 Twitter employees after he takes control
(Excerpt) Read more at theblaze.com ...
However, the New York Times report claims that Musk will go on a hiring spree and have more than 11,000 employees by 2025 – a dramatic increase from the approximately 7,500 workers that Twitter currently has.
“Musk is planning to fire 1,000 Twitter employees after he takes control”
I’m going to love seeing that.
“Musk is planning to fire 1,000 Twitter employees after he takes control”
He knows who they are. Start with the fat twitter exec who ran away from James O Keefe in the video..
“The Times hypothesizes that the mystery product could be an “ad-free experience on Twitter”
For small fee
As a member you’ll be unrestricted in what you post
...if...IF you have his nifty digital ID?
Members will naturally have blue check marks
My guess
Imagine Twitter Servers located in Space using Star Link to off site server free speech.
I can hardly wait for all the sob stories of fired libtards. I’m sure the MSM will give them all the airtime they wish.
In theory, increasing Twitter revenue by 5X times (to $26.4 billion) is not financially impossible.
Facebook had $120 billion of revenue in the most recent 12 month period.
However, Musk may have misjudged two important factors...
(1) Online advertising is a finite number - to grow Twitter, Musk must take substantial ad revenue away from highly skilled and highly successful companies like Amazon, Google, and Facebook.
(2) The current USA political environment - if the Political Left decides to shun the new Twitter, as customers or as employees, the new Twitter will be worth much less money than Musk paid for it.
X.COM was the original name for PayPal, where Musk built a lot of his wealth.
It is already ad-free if your browser has an ad blocker, as it should.
An ad blocker and profanity filter are must-haves, in my opinion.
Elon needs to move Twitter headquarters away from Silicon Valley.
Nebraska, Oklahoma, Wyoming or Kansas would be good, potential locations.
Hahaha... This gets better and better. I hope he's figured out how to increase that to 100 stages of grief for those little commie 'rats.
It's not as difficult as you think.
Zuckerberg vs Musk? I'd back Musk every time.
(2) The current USA political environment - if the Political Left decides to shun the new Twitter, as customers or as employees, the new Twitter will be worth much less money than Musk paid for it.
Actually the number of programers looking to work for Twitter has skyrocketed since Musk took over.
And conservative users have seen their followers shoot up after Musk took over as well even as liberal users lost followers .
Plus Musk is looking to grow Twitter user base
outside America to close to a billion users
Good riddance to woke employees
“the SpaceX founder expects to take in nearly $10 billion from subscriptions to the social media platform.”
Does Twitter currently have subscription level services? If this is meaning one has to pay to use Twitter how can that be a revenue generator? People would bail out enmass.
Maybe x is a phone that is tied to Starlink
No, first is the female Indian lawyer.
Right now, Musk is talking about charging a small fed to corporations and governments only.
Most normal Twitter users will be for free.
Yes, normally there would be very long odds of succeeding. But consider what he's done with Tesla. A few years ago you'd have to rate his chances very low of becoming the hands-down leader in electric cars, saying:
But somehow, he's succeeded against all odds. Paypal, Tesla, SpaceX, Twitter(?) Lightning can indeed strike twice. Remember: Musk can launch low earth orbit communications satellites that can drop Twitter traffic down to earth to any data center in the country. With that, he can leapfrog any tech firm that wants to block him.
Musk is a genius in several spheres. And he's the opposite of the secretive and ruthless Jeff Bezos of Amazon who has nearly zero personality by comparison -- and who was badly beaten investing in a hyped electric car prototyping firm, Rivian, who will soon be on the dust bin of history.
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