Big Man; Big Goals! After buying Twitter for $44 billion, Elon Musk Envisages 600 million Twitter Users By 2025.
That’s what Musk tweeted when he took over Twitter –
Last week, in a new SEC filing, Musk reported that he had secured around $7 billion in additional funding commitments to solidify his $44 billion Twitter takeover bid. That introduced a range of financial partners into the deal, including Sequoia Capital, Binance, Oracle chief Larry Ellison and Saudi Prince Alwaleed.
A pitch deck has been presented to these investors. Following are some brief pointers from the deck –
- Musk plans to increase Twitter’s user base from the 229 million daily actives it has right now, to 600 million by 2025, then to 931 million by 2028
- The roadmap also outlines a 5x increase in Twitter revenue by 2028, rising from $5b in 2021 to $26.5b
- Advertising income, currently amounting for 90% of Twitter’s intake, will reduce to around 45% of the company’s revenue
- Musk plans to cut around 1,000 staff at Twitter over the next year, before adding around 2,700 new employees by 2025.
Does Mush plan to make Twitter paid? Well, we ain’t sure, but something that he tweeted hints about that. Have a look at the tweet below –
Have a look at the chart below which shows Twitter’s Monetisable Daily Active User count has increased by 108m over the past five years. Under Musk, he expects to see that jump by 371m – close to 200%, growth – in the next three.
We ain’t very sure if that’s possible! But Musk has some big plans –
Elon Musk Envisages 600 Million Twitter Users By 2025
Good Luck, Musk!
Elon Musk Envisages 600 million Twitter Users By 2025 Elon Musk Envisages 600 million Twitter Users By 2025 Elon Musk Envisages 600 million Twitter Users By 2025 Elon Musk Envisages 600 million Twitter Users By 2025 Elon Musk Envisages 600 million Twitter Users By 2025
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