American reports revealed that billionaire Elon Musk presented investors with his own vision for his development of the Twitter site, in order to persuade them to obtain the funding he needs to complete the acquisition. ?
Musk said that he seeks to increase the number of Twitter users per month from 217 million users at the end of 2021 to nearly 600 million in 2025, and 931 million users by 2028, and this is more than 4 times his monthly users in the next six years, according to The New York Times newspaper.
Musk also wants to get 104 million paid subscribers for a service referred to only as “X,” which would be a paid Twitter experience without ads.
Elon Musk believes Twitter could triple its annual revenue to $26.4 billion by 2028, compared to about $5 billion the company made last year.
Musk also wants to significantly diversify how Twitter makes money. Currently, ads make up about 90 percent of the social networking site’s revenue, and Musk wants to reduce that to about 45 percent by 2028, and his forecast will include $12 billion from Advertising revenue, and $10 billion in subscription revenue.
Musk expects 69 million Twitter Blue users by 2025, and 159 million by 2028, and Twitter Blue is a $3 per month service that launched in America last November and offers features such as ad-free news articles. , the ability to undo sending a tweet, and a few other small details.
Between the mysterious X product and Twitter Blue, it’s clear that Elon Musk places great importance on getting users to sign up for some kind of paid Twitter experience.
American billionaire Elon Musk said he wants to make Twitter “better than ever”, after Twitter announced its agreement to sell the company to Musk in a deal estimated at $44 billion.
Musk obtains the first part of the financing, through a huge loan, as he revealed, last week, that he had raised 25.5 billion dollars through debt and financing with a marginal loan from dozens of banks in order to support the deal. Upon completion of the transaction, Twitter will become his private company.