Elon Musk Plans To Clean House At Twitter, Will Eliminate Censorious Bureaucracy And Focus On Hiring Engineers: Report

Tesla CEO Elon Musk raised significant funds from many high-profile investors as he solidified his takeover bid of Twitter. Musk got Jack Dorsey, a Saudi prince, and other large shareholders to stay with the company while he raised billions from other investors.

Musk raised the money based on his unmatched track record founding and running companies and his plan for the future. The New York Times got a copy of his ‘pitch deck’ and heads will roll when he takes over.

Musk plans to cut the bloated bureaucracy (this is where the woke employees hide out and cash in) and focus on engineering. Musk is planning to fire hundreds of staffers at Twitter as soon as his purchase of the social media platform is complete.

But after streamlining the company Musk anticipates hiring thousands more in key engineering roles increasing the headcount to 11,000 employees up from 7,500 currently.

By 2028, Musk believes ad revenue will generate $12 billion for Twitter while subscriptions will bring in another $10 billion.

BREAKING: Elon Musk pitch deck for Twitter promises:

• Quintuple revenue to $26.4B by 2028
• Create $10B subscription business
• 69M users of Twitter Blue by 2025
• $15M in revenue from a payments business in 2023, $1.3B by 2028

1/2https://t.co/bShcgtmBk7

— Sawyer Merritt 📈🚀 (@SawyerMerritt) May 6, 2022

Sawyer Merritt said:

Elon Musk pitch deck for Twitter promises:

Quintuple revenue to $26.4B by 2028 

Create $10B subscription business 

69M users of Twitter Blue by 2025 

$15M in revenue from a payments business in 2023, $1.3B by 2028

Hire 3,600 employees (after shedding hundreds)

Raise free cash flow to $9.4 billion

Twitter will add about $13B of debt as part of Elon’s buyout plan. But he expects to pay that debt down as free cash flow is set to grow to $3.2 billion in 2025 and $9.4 billion in 2028.

Ben Horowitz a top silicon valley venture capitalist said:

“We invested because we believe in Ev and Jack’s vision to connect the world and we believe in Elon’s brilliance to finally make it what it was meant to be.

“While Twitter has great promise as a public square, it suffers from a myriad of difficult issues ranging from bots to abuse to censorship. Being a public company solely reliant on an advertising business model exacerbates all of these.

“Elon is the one person we know and perhaps the only person in the world who has the courage, brilliance, and skills to fix all of these and build the public square that we all hoped for and deserve.

• Hire 3,600 employees (after shedding hundreds)
• Raise free cash flow to $9.4 billion
• Twitter will add about $13B of debt as part of Elon’s buyout plan. But he expects to pay that debt down as free cash flow is set to grow to $3.2 billion in 2025 and $9.4 billion in 2028.

— Sawyer Merritt 📈🚀 (@SawyerMerritt) May 6, 2022