Tesla CEO Elon Musk recently acquired Twitter and is planning to launch a new product called ‘X’. The most surprising thing this year is Elon Musk owning Twitter. There are many new things to do with him. Yes, the first seems to be a new Twitter product called “X”. But what’s so special about it?
Read ahead to learn more about Elon Musk’s new Twitter product “X”.
Elon Musk recently acquired Twitter
Recently, Twitter and Elon Musk have made many headlines with stocks and other related items between the duo. However, it was later revealed that Twitter is now owned by Elon Musk, who has acquired the social media site for around $44 billion.
In fact, it was right after the ownership change report came out. Users are starting to speculate on Twitter’s changes that could happen with Musk aboard. Users are literally thinking that Musk will bring a lot of changes to Twitter after starting as an owner. But now the report is talking about a new “X” coming out for both Musk and his team. But what is it all about?
Elon Musk launches Twitter product ‘X’
According to a report by Business Insider, Tesla CEO will launch a new product “X”. On the other hand, the release year is next year. The report also states that product “X” will have around 9 million users in the initial year. There are additional estimated statistics available for the product.
It is also said that by 2028, the number of users of this new product ‘X’ will be about 104 million. However, further details about the product or feature have not yet been released. Also, Musk didn’t say anything to himself about this new “X”. Because even after he officially owns Twitter, he still has to meet and fulfill the expectations of Twitter users.
Elon Musk’s other plans for Twitter
Musk plans to increase sales to $26.4 billion by 2028 after acquiring Twitter. Twitter also plans to increase revenue to $1.3 billion by 2028 through its payments business. The platform is also expected. It will grow to 931 million users by 2028.
However, everything is still planned and has not yet materialized. Meanwhile, the most recent attention concerns the new “X”, which has not yet been officially announced by Musk.