From TheBlaze.com…
During a presentation to woo investors, Elon Musk laid out his plans for what actions he intends on implementing when he takes over Twitter. Musk reportedly told investors that he would clean house at Twitter, but then go on a hiring spree. The Tesla CEO also assured investors that he would quintuple revenue on the social media platform within a few years and launch a new mystery product named “X,” according to a new report.
Musk reportedly told financial backers that he would quintuple Twitter’s annual revenue from $5 billion in 2021 to a whopping $26.4 billion by 2028.
The New York Times reported, “Twitter would bring in $15 million from a payments business in 2023, according to the document, which would grow to about $1.3 billion by 2028.”
Musk also plans to release a new product that is mysteriously named “X.” The enigmatic product X would launch in 2023, and Musk estimates the service will have 104 million users in 2028. The Times hypothesizes that the mystery product could be an “ad-free experience on Twitter.”
