Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s plan to quadruple Twitter Inc’s (NYSE: TWTR) revenue to $26.4 billion by 2028 is “achievable,” according to noted Apple Inc (NASDAQ: AAPL) analyst Ming-Chi Kuo.
What Happened: Kuo said Sunday evening that Twitter’s business may be partially similar to the one run by Chinese internet giant Tencent Holdings Limited (OTC: TCEHY), the company behind the super-app WeChat.
Kuo pointed out in a Twitter thread that Tencent’s revenue from social networking — including subscriptions — advertising, and fintech and business service in 2021 was $17.6 billion, $13.3 billion, and $25.8 billion, respectively.
“So [Musk’s] revenue target of $26.4 billion by 2028 for Twitter looks achievable,” said Kuo, adding that while Twitter may …
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