{"id":22581,"date":"2022-05-09T10:02:46","date_gmt":"2022-05-09T14:02:46","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=22581"},"modified":"2022-05-11T15:30:28","modified_gmt":"2022-05-11T19:30:28","slug":"musk-aims-to-increase-twitters-annual-revenue-to-26-4-billion-by-2028","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/musk-aims-to-increase-twitters-annual-revenue-to-26-4-billion-by-2028\/","title":{"rendered":"Musk Aims To Increase Twitter&#8217;s Annual Revenue To $26.4 Billion By 2028"},"content":{"rendered":"<p id=\"arIndex_0\" data-ar-index=\"0\">New Twitter owner Elon Musk plans to boost Twitter&#8217;s annual revenue to $26.4 billion by 2028, according to a New York Times report on Friday.<\/p>\n<p id=\"arIndex_1\" data-ar-index=\"1\">The news platform cited a pitch desk that Elon Musk presented to investors.<\/p>\n<p id=\"arIndex_2\" data-ar-index=\"2\">The billionaire plans to increase Twitter&#8217;s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028. Advertising will fall to 45% of total revenue under Musk, from about 90% in 2020 to $12 billion in 2028. Subscriptions are expected to generate another $10 billion.<\/p>\n<p id=\"arIndex_3\" data-ar-index=\"3\">Tesla CEO Elon Musk expects Twitter to make $15 million from a payment business in 2023, which he hopes to grow to about $1.3 billion by 2028.<\/p>\n<p id=\"arIndex_4\" data-ar-index=\"4\">Musk sealed the deal to buy Twitter for $44 billion in April as he seeks to revive the prestigious social media app used by millions of users and world leaders.<\/p>\n<p id=\"arIndex_5\" data-ar-index=\"5\">Musk promised to revive the company and increase the number of users by cracking down on spambots. He also promised to reduce the scope of moderation to ensure more &#8220;free speech.&#8221;<\/p>\n<p id=\"arIndex_6\" data-ar-index=\"6\">The sources for this piece include an article in <a href=\"https:\/\/www.reuters.com\/technology\/musk-plans-increase-twitters-revenue-264-billion-by-2028-nyt-2022-05-06\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Twitter owner Elon Musk plans to boost Twitter&#8217;s annual revenue to $26.4 billion by 2028, according to a New York Times report on Friday. The news platform cited a pitch desk that Elon Musk presented to investors. The billionaire plans to increase Twitter&#8217;s cash flow to $3.2 billion in 2025 and $9.4 billion in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,57,17,349,378],"tags":[78,125,44],"class_list":["post-22581","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence","category-companies","category-data-analytics","category-development","category-digital-transformation","tag-elon-musk","tag-tesla","tag-twitter"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/22581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=22581"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/22581\/revisions"}],"predecessor-version":[{"id":22583,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/22581\/revisions\/22583"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=22581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=22581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=22581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}