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      Elon Musk wants to hire thousands of new employees at Twitter, shed some existing staffers, and quintuple revenue by 2028, report says

      Posted by stabahriti@insider.com (Sam Tabahriti) on Sunday, May 8, 2022 Under: Syndicated Locals


      • Elon Musk plans to hire 3,600 new employees, shed some, and quintuple revenue, according to The NYT.
      • In a pitch deck, the Tesla CEO claimed he could boost Twitter's user base to over 931 million.
      • Musk told investors he'd probably double or triple their money if they backed him, it was reported.

      Elon Musk wants to hire thousands of new employees at Twitter while shedding some existing staffers, create a secretive new product known as "X," and more than quadruple the size of the social media platform's user base.

      The enigmatic tech founder told investors he could dramatically increase the company's revenue while making it less reliant on ad income, The New York Times reported, citing a pitch deck that had been sent to prospective backers of his $44 billion acquisition.

      The Tesla and SpaceX's CEO previously said he had secured $46.5 billion in financing before making his formal offer. It emerged on Thursday that he had secured another $7.1 billion in financing for his bid, according to a Securities and Exchange Commission filing.



      Musk plans to increase the average revenue per user by $5.39 to $30.22 by 2028, according to the report. The increase in revenue per user would lead to the company's overall income increasing five times over to $26.4 billion.