According to Musk's plan, Twitter's advertising revenue share will be about 90% in 2020, and he wants to reduce that share to 45% in the future. 2028 will see Twitter's annual advertising revenue reach $12 billion and paid subscription revenue reach $10 billion. Other revenues will come from businesses such as data licensing.
In addition, Twitter will earn $15 million in revenue from its payments business by 2023, which will grow to about $1.3 billion by 2028. Today, the company's payments business (which includes tipping and shopping) is almost negligible.
There is speculation that Musk may introduce payments for Twitter, given that he helped popularize the digital payment service PayPal.
With all these changes, Musk expects he could raise Twitter's average revenue per user (a key metric for social media companies) from $24.83 last year to $30.22 in 2028, an increase of $5.39, according to the plan. So how will this affect the value of Tesla's stock and what are your thoughts on it?
Submitted May 07, 2022 at 01:15AM by AdministrativeYou539 https://ift.tt/OmsSecg
