Musk plans to increase Twitter’s revenue to $26.4 billion by 2028
Elon Musk, the world’s richest person, is well-known for his ambitious goals. After the acquisition of social network Twitter, he intends to increase its annual revenue to $26.4 billion by 2028.
Mr Musk shared his plans for the future of the popular social network and made a presentation for investors. The billionaire intends to boost Twitter's annual revenue to $26.4 billion by 2028. Notably, the company's revenue totaled only $5 billion by the end of 2021. The entrepreneur wants to increase it by more than five times. It is also reported that Musk plans “to cut Twitter's reliance on advertising to less than 50% of revenue”. Moreover, he expects the social network to reach 931 million users by 2028.
Earlier, the news came that Twitter could become partly paid. However, Musk noted that “Twitter will always be free for casual users, but maybe a slight cost for commercial or government users”.