Elon Musk Could Bring Big Changes To Make Twitter More Money
The most recent large story in tech is the current buy of Twitter by billionaire sizzling shot Elon Musk. Now that the $45 billion transaction is full, Elon is onto the subsequent merchandise on his guidelines: making the corporate produce extra money. In keeping with Android Authority, Elon Musk is engaged on some radical strategies to assist Twitter lower prices and earn more money general.
Twitter is likely one of the greatest social media platforms on the planet, however its income aren’t all that top in comparison with different platforms. The corporate reported about $1.2 billion in income for Q1 of 2022. Thus, Elon is on the journey to make Twitter a extra worthwhile firm.
What’s Musk going to do to make Twitter extra money?
So, why is Elon Musk making an attempt to squeeze extra money out of Twitter? Effectively, that $45 billion didn’t precisely come out of Elon’s pockets. He needed to get some main loans from banks to drag this off. Thus, he needed to justify the loans and guarantee that Twitter was going to make again that cash.
Thus, he’s going to want to make a number of modifications in order that Twitter can enhance that $1.2 billion into one thing extra inside the subsequent couple of quarters.
A few of his potential plans leaked, and most of them sound a bit radical. Now, observe that these are simply plans and we don’t know if they are going to be put into motion in the intervening time. Take these with a grain of salt.
For starters, he plans on chopping the salaries of among the higher-ranking executives. That may, clearly, ruffle just a few feathers if it occurs. In keeping with a report from Bloomberg, there can also be some full-on job cuts together with this.
This subsequent manner appears a bit comical. One money-making measure might contain monetizing high-profile tweets. If a tweet has a number of engagement, it appears, the corporate might cost media websites a payment to embed or quote these tweets. Talking of high-profile tweets, Musk might additionally encourage celebrities to tweet extra.
The subsequent change might contain Twitter Blue. That is the corporate’s subscription service. He might plan on decreasing the value of $2.99/month, eliminating the commercials, and even permitting individuals to pay in cryptocurrency.
Now, there’s no assure that we’ll see these modifications on the positioning, so solely time will inform what occurs. Regardless, the acquisition has been made and Twitter must pay its manner, so you may count on change to come back in any capability.
Let’s make Twitter maximum fun!
— Elon Musk (@elonmusk) April 28, 2022