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Elon Musk Started Working To Increase Twitter's Revenue

Having bought Twitter for $44 billion, Elon Musk thinks the company can increase its revenues to $26.4 billion in 2028.

Elon Musk Started Working To Increase Twitter's Revenue
Yazar: Eylem Özer

Yayınlanma: 8 Mayıs 2022 04:26

Güncellenme: 7 Kasım 2024 19:39

Elon Musk Started Working To Increase Twitter's Revenue

Having bought Twitter for $44 billion, Elon Musk thinks the company can increase its revenues to $26.4 billion in 2028.

Elon Musk Started Working To Increase Twitter's Revenue. Elon Musk, CEO of SpaceX and Tesla, bought the microblogging site Twitter for $44 billion. While many scenarios were talked about the reasons for Musk's move, Musk, the richest person in the world, started working to double his investment, which reached a record figure. Looking at the company's revenue last year, we can understand how ambitious Elon Musk's statements were. In 2021, Twitter shared a very small figure compared to the figure suggested by Musk, and reported a total revenue of $ 5 billion. Elon Musk announced that the platform will remain free for standard users, but there may be "small fees" for companies and governments.
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