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Home News Business

Elon Musk Wants To Increase Twitter’s Annual Revenue To $26.4 Billion In 2028

Musk expects that he can help boost Twitter’s average revenue per user to $30.22 in 2028, which is an increase from the $24.83 seen last year.

Aayat AlibyAayat Ali
May 10, 2022
in Business
Reading Time: 1 min read
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Elon Musk Wants To Increase Twitter’s Annual Revenue To $26.4 Billion In 2028

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A pitch deck presented by Elon Musk to investors reveals that the billionaire hopes to boost Twitter’s annual revenue to $26.4 billion by 2028, a $5 billion increase from last year. 

The report reveals that advertising will fall to 45% of total revenue once Musk owns the company, a 90% decrease from 2020. This would bring in $12 billion in revenue by 2028, while subscriptions would generate an additional $10 billion. 

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Additionally, Musk hopes to boost Twitter’s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028. He expects that he can help boost Twitter’s average revenue per user to $30.22 in 2028, which is an increase from the $24.83 seen last year. 

Musk also anticipates Twitter’s workforce to grow from 7,500 to 11,072 by 2025. 

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Tesla’s CEO also increased his financing commitment to $27.25 billion from $21 billion, while a margin loan connected to his Tesla stock from Morgan Stanley will be reduced to $6.25 billion. 

Just last month, it was revealed that Musk would purchase the social media giant for $44 billion, a stark shift in what started as a meme-like offer to take over the company. 

Just last month, it was revealed that Musk would purchase the social media giant for  

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Source: New York Post
Tags: BusinessTechnology
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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