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It is definitely a bold vision that, like his other ventures everyone will say can’t be done.
by mikkergp 4y ago
It is definitely a bold vision that, like his other ventures everyone will say can’t be done.
- sidibe 4y agoTwitter revenue was over 5* billion last year. With subscription they can make $5* billion... if ~50* million people subscribe all year. I realize cutting costs is a huge part of his plan but it would be very surprising if 1/100th of that number paid up. Edit: off by 10x. Still crazy.
- mikkergp 4y ago5 billion right? Not 50 billion? So 50 million users, I would also be surprised if a small percentage of that number signed up, but technically nothing I said was untrue :-)
- duskwuff 4y ago> if ~500 million people subscribe all year. Which is outright impossible. Twitter's last earnings report [1] reported a mDAU of 237.8 million. To hit $50B in subscriptions, they'd have to more than double the number of users active on on the site, then get all of them to subscribe. Which isn't happening -- even getting 10% of current mDAUs to convert to paying users would take a miracle. [1]: https://s22.q4cdn.com/826641620/files/doc_financials/2022/q2/Final_Q2'22_Earnings_Release.pdf https://s22.q4cdn.com/826641620/files/doc_financials/2022/q2...