The most recent massive story in tech is the latest buy of Twitter by billionaire sizzling shot Elon Musk. Now that the $45 billion transaction is full, Elon is onto the following merchandise on his guidelines: making the corporate produce more cash. In response to Android Authority, Elon Musk is engaged on some radical strategies to assist Twitter lower prices and make more cash total.
Twitter is among the greatest social media platforms on the planet, however its earnings aren’t all that prime 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 more cash?
So, why is Elon Musk attempting to squeeze more cash 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 wish to make quite a lot of adjustments 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, notice 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 slicing the salaries of a few of the higher-ranking executives. That can, clearly, ruffle a couple of feathers if it occurs. In response to 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 quite a lot of engagement, it appears, the corporate might cost media websites a price 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 reducing the worth 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 adjustments 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 return in any capability.
