Elon Musk He became the richest man in the world, according to Forbes magazine, surpassing Jeff Bezos. His legacy according to this magazine Its value is estimated at $219,000 million (€199.660 million).After his fortune increased by 62 thousand million euros due to the rise in stock prices Tesla. Fact, along with the stock market crash Amazonwhich allowed Musk to occupy the first place.
A media entrepreneur who manages to move the market, especially cryptocurrency, based on tweets, has bought Twitter. Just a few weeks ago, the CEO of Tesla announced the purchase of a 9.2% stake in the social network. Yesterday Monday, it was 100% done.
Where is the attraction of Twitter?
The numbers do not indicate that Twitter is a money-making company, although it has improved its balance. In the latest presentation of the results that showed data for the year 2021, a net loss of 193 million was announced in euros. A negative thing, but that means reducing the company’s red numbers by more than 80%.
Yes in deed , The turnover last year exceeded 4,400 million euros36.6% more than in 2020. As for daily active users, Twitter has 315 million users, Some numbers are still a long way from 2,910 million Facebook2,562 from Youtube1,478 of Instagram or 1000 of tik tok. Even Snapchat has more daily active users than Twitter.
Elon Musk gave some hints about what he would like to do on Twitter, Its main goal is to defend freedom of expression. The billionaire also hinted at the possibility of creating a subscription and reducing ads.
Twitter was created in 2006 by Jack Dorsey and only seven years later it debuted on Wall Street. The numbers, in terms of economic management, have never been the strong point for Twitter, which has not managed to create a profitable business.. In fact, its stock prices have not seen a revaluation as other similar platforms have. So, Elon Musk will have work to do if he wants to build a profitable model, something he has had a hard time doing with Tesla.until it finally succeeded.
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