According to a newspaper report, Tesla boss Elon Musk wants to significantly increase sales from Twitter. He plans annual sales of $ 26.4 billion (24.98 billion euros) by 2028 after five billion dollars last year, the New York Times reported on Friday, citing documents for investors.
According to the documents, the advertising share of sales should fall to 45 percent – from 90 percent in 2020 – and then bring twelve billion in sales, with another ten billion dollars to come from subscriptions. Cash flow should also increase – to $3.2 billion in 2025 and then to $9.4 billion in 2028, the newspaper wrote. Musk expect the number of Twitter employees to increase to around 11,100 by 2025, from around 7,500 now. Muskwas not available for comment, Twitter initially did not comment.