May 23, 2022

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Elon Musk: Changes in Twitter and a fivefold increase in income in 2028

Elon Musk: Changes in Twitter and a fivefold increase in income in 2028

According to reports, Elon Musk Wants to hire thousands of new employees in Twitter While laying off some workers, creating a secret new product codenamed “X” and quadrupling the size of the platform’s user base. Social media.

The billionaire billionaire told investors he could dramatically increase the company’s revenue while making it less dependent on advertising revenue, according to a report from The New York Times.

CEO Tesla s SpaceX It previously said it had secured $46.5 billion in funding before making its formal bid. Later he learned that he got another $7.1 billioneven from a Saudi prince.

Twitter Plans

Musk plans to increase average revenue per user by $5.39 to USD 30.22 by 2028, according to the report. An increase in revenue per user will multiply the company’s total revenue five times $26.4 billion.

He also indicated that he wants to hire 3,600 new employees by 2025 and lay off a few hundred. Musk expects the number of workers to rise and fall over the next year, according to the report.

In addition, sources said CNBC Musk is expected to take over as interim CEO after closing the pending deal The approval of the regulatory authorities.

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