According to the New York Times, Twitter’s revenue will increase fivefold by 2028. The ambition of Elon Musk is great.
The world’s richest billionaire Elon Musk has prepared documents to call for investment, including a growth strategy toward Twitter’s revenue target of $ 26.4 billion by 2028, more than 5 times the revenue of 5 billion USD by 2021.
Accordingly, Twitter’s advertising revenue will decrease from 90% of total revenue in 2020 to 45%, contributing to $ 12 billion of Twitter’s total revenue in 2028.
Recently, Elon Musk revealed that he received funding of $ 7.14 billion from a group of investors, including Oracle co-founder Larry Ellison, who participated in the acquisition of Twitter.