In discussions with investors, Elon Musk promised those he asked for money before buying Twitter that they could make a big profit if his plans began to bear fruit. Before he made a formal bid to buy Twitter, Musk said he had provided $46.5 billion to fund the deal. Musk has also recruited a number of new supporters, adding $7.1 billion to his offering, according to a regulatory announcement Thursday.
Then he said that if all goes well, they can get back their investment five to tenfold.
Musk also told investors that he could double the number of Twitter users to more than 500 million by 2025 interested in tradewhich said it more than doubled Twitter’s profits and attracted tens of millions of subscribers during that time period.
In a tweet that was just deleted, Musk thought about how Twitter could launch a subscription service, which means people can get a verified blue token for their money so they don’t have to see ads on the platform.
Musk said in a tweet on Tuesday that Twitter may charge government and commercial users a small fee to use the service. He added that Twitter will always be free for field users.
The The New York Times It is reported that Musk has told investors that he will be the CEO of Twitter for a while. The CNBCThe sources who also spoke said that Musk is expected to take over the company once the acquisition is completed. The transaction is currently awaiting regulatory approval.
(Cover Photo: Elon Musk on May 2, 2022. Photo: Demetrius Kambouris/Getty Images North America/Getty Images via AFP)
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