The New York Times obtained a pitch deck Elon Musk presented to prospective Twitter investors — and he has big financial plans for the company over the next few years.
SpaceX and Tesla CEO Elon Musk outlined his financial ambitions for Twitter in a recent pitch deck he presented to investors last week,While Musk’s $44 billion acquisition of the social media platform is far from a done deal, his lofty financial plans for the company have raised some eyebrows.
Musk also wants to generate $15 million in revenue by 2023 using a payments business — with this number growing to $1.3 billion by 2028. Twitter Blue is a $3-per-month subscription service that launched in November last year in the US, offering ad-free news articles from select publishers and the ability to undo tweets, among other conveniences.
Musk claimed that these expansions should increase Twitter’s annual revenue to $26.4 billion by 2028 — up from $5 billion made last year.
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