Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
May 7, 2022 04:04 pm

Elon Musk thinks he can double Twitters revenue through subscriptions alone





Illustration by Kristen Radtke / The Verge; Getty Images



Elon Musk — the world’s richest man and Twitter’s new owner — expects Twitter to earn almost $10 billion in revenue from subscriptions by 2028, a projection that doubles the $5 billion in total revenue the platform made last year, according to a report from The New York Times.


In a pitch deck viewed by the Times, Musk gave investors a taste of what to expect under his ownership. This reportedly includes driving up Twitter Blue subscribers to 69 million by 2025 and more than doubling that number to 159 million by 2028. Launched last year, Twitter Blue is the service’s $2.99 / month subscription that gives users access to an “undo tweet” button, app customization, ad-free articles, and other exclusive features. Musk expects a huge growth...



Continue reading…




Original Link: https://www.theverge.com/2022/5/7/23061198/elon-musk-double-twitter-revenue-through-subscriptions-blue

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge