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 ...
Twitter does not need more software engineers.
Twitter needs content creators and marketing experts, two groups that are overwhelmingly on the Political Left.
Re: "Zuckerberg v. Musk (yawn)"
Facebook - founded 2004
Tesla - founded 2003
2021 Facebook Revenue - $120 billion
2021 Tesla Revenue - $62 billion
2021 Facebook Net Margin - 31.2%
2021 Tesla Net Margin - 13.6%
2021 Facebook Debt - $2.7 billion
2021 Tesla Debt - $122 billion
Tesla was founded in 2003.
Tesla was the only serious company in the electric vehicle market for its first TEN years in business.
I’m more in favor of axing the current foreign born (Indian) CEO, Parag Agrawal first. He’s just another hate-conservative-America Sundar Pichai (Google) Clone.
“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.”
I would pay Twitter $10-20 per year. They could reel in billions at this price. For super verified foreigners in poor nations. Charge them $2. And verify their IP addresses each month.
“I’m more in favor of axing the current foreign born (Indian) CEO, Parag Agrawal first. He’s just another hate-conservative-America Sundar Pichai (Google) Clone.”
In contrast look at the Hindu who runs Microsoft. Satya Narayana Nadella. He has done great there and has kept Microsoft politically neutral. I use their Bing.search engine and Windows 11. And Edge is very good these days,
They will after Musk takes over and sends the far left, very woke software engineers on their way.
Twitter needs content creators and marketing experts, two groups that are overwhelmingly on the Political Left.
“Content creators” and “marketing experts” are on the far left are tyey?
How much does Tesla spend on ads? ZERO dollars. Yet Tesla totally dominates the EV market sales, with nothing spent on marketing.
What Musk needs to do when he takes over is get rid of the deranged far left content “moderators” aka censors of conservatives. Twitter user base will skyrocket from an inflow of conservatives.
The content will be created by the users not the crazy Twitter workers.
Enjoying yourself spewing out fake figures are you?
Here is a dose of reality:
Tesla long term debt from 2010 to 2022. Long term debt can be defined as the sum of all long term debt fields.
Tesla long term debt for the quarter ending March 31, 2022 was $3.153B, a 65.17% decline year-over-year.
Tesla long term debt for 2021 was $5.245B, a 45.4% decline from 2020.
Tesla long term debt for 2020 was $9.607B, a 17.42% decline from 2019.
https://www.macrotrends.net/stocks/charts/TSLA/tesla/long-term-debt
You are WAY OFF!
Plus you totally forgot to mention the all important market caps:
TSLA : 896.82B
FB : 551.47B
Not even close. Chuckle.
Re: How much does Tesla spend on ads? ZERO dollars.
What does that have to do with Twitter?
Twitter earns almost 100% of its revenue from advertising.
Everything.
Twitter earns almost 100% of its revenue from advertising.
Twitter EARNS that money from advertising, not spends that money on advertising.
Musk has already made it clear he is going to reduce Twitter's dependence on advertising and generate revenues by other means.
I confused Shareholder Equity with Market Cap.
Shareholder Equity is total assets minus total liabilities.
Facebook has almost 150% more Shareholder Equity than Tesla.
Facebook - Sh. Equity - $84.1 billion
Tesla - Sh. Equity - $34.9 billion
Re: "Facebook and Tesla Market Cap"
Six months ago, Facebook market cap was $1.1 trillion.
Compare their Price/Earnings Ratio as of Friday.
Facebook - P/E - 15.4
Tesla - P/E - 117.0
Can you think of any stock in the last 25 years with a 117 P/E that did not eventually crash and burn?
Same time, deal?
It would seem that perhaps, Elon Musk is following the lead of Jim Robinson.
Those falling for the Musk ruse (that he’s not yet another globalist/Deep State Big Tech cutout frontman) should consider this:
and this:
https://electrek.co/2020/11/10/elon-musk-tesla-rna-vaccine-printer-curevac-important-product-world/
Deal....I’m down with that.
Starlink is CURRENTLY comms only.
It would not be a big deal to add storage and application hosting capabilities to the next generation of Starlink satellites.
“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”
and with the new free-speech twitter in place, folks will be allowed to advise that they seek new careers as computer coders ...
Not a big deal except that it's a mesh network and it handles lower layers, not application layer. The discussion here: https://forum.nasaspaceflight.com/index.php?topic=52788.20 hints at CDN being done at lower layers. But if you post something on a website like I am about to do here, that's application layer, not one of the network layers. That means the app takes my ramblings here and sticks them in the database. A satellite can't do that mainly because no other satellite would know about it. Distributing the app and database is nontrivial to say the least.
The only reason someone proposed it for CDN is CDN is just static stuff that changes very slowly and can be copied to all the satellites.
He’s worse than the Google guy
Six months ago, Tesla had a market cap of $1.061 Trillion .
Today, TSLA is at 896.82B, while Facebook languishes at a pretty weak $551.47B.
Who is suffering the most massive fall in stock price? Facebook.
Tesla , even after the big fall in stock price mostly from the Musk takeover of Twitter and Musk selling over $8 Billion worth of Tesla stock to raise money for the Twitter purchase, is doing far better than Facebook. Over $300 Billion better than Facebook in market cap actually.
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