news/APA/Saturday 05/07/22 15:23:41
According to a newspaper report, Tesla boss Elon Musk wants to significantly increase sales from Twitter. He plans to have annual sales of $26.4 billion by 2028, down from $5 billion last year, the New York Times reported on Friday, citing investor documentation.
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According to this, the share of sales should fall to 45 percent – from 90 percent in 2020 – and then bring in twelve billion sales, with another ten billion dollars coming from subscriptions. Cash flow should also increase – to $3.2 billion in 2025 and then to $9.4 billion in 2028, the newspaper wrote. Musk expects the number of Twitter employees to increase to around 11,100 by 2025, from around 7,500 now. Musk could not be reached for comment, and Twitter initially did not comment.
Musk wants to buy Twitter for $44 billion. Just last week, the US short message service agreed to the takeover by Musk. At the moment, Twitter has around 217 million users.