Musk also expects $69 million in revenue from Twitter Blue subscriptions, the NYT reported.
In the meantime, Elon Musk is being investigated for the purchase of Twitter. The US Federal Trade Commission (FTC) is reviewing Elon Musk’s $44 billion acquisition of Twitter Inc., according to Bloomberg News.
The agency will decide in the next month whether to conduct an in-depth antitrust investigation of the proposed transaction, the source told Bloomberg. Such an investigation would delay the closing of the operation for months.
Antitrust experts have said the agency is unlikely to find evidence that Elon Musk’s purchase of Twitter is illegal under antitrust law.
The FTC is already investigating Elon Musk’s initial purchase of a 9% stake in Twitter, asking whether he met an antitrust disclosure requirement when he purchased the shares in early April.
The agreement has the support of Republicans, who hope that the conservatives expelled from the site can return.
Although Elon Musk has tweeted about freedom of expression, when he talks about his plans for Twitter he focuses more on boosting revenue by getting more people to use it or cutting expenses like executive compensation.
He hasn’t said anything publicly about allowing expelled former users to come back.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
