Elon Musk's Cash Offer Fails To Entice X Users, Less Than 100K People Opt For Premium: Report
Portfolio Pulse from Benzinga Neuro
Elon Musk's strategy to increase profitability for X Premium, previously known as Twitter, through cash offers to creators has seen minimal success, with less than 100,000 new subscribers joining from July 1 to August 10. Despite the platform's features and Musk's rebranding efforts, growth has been sluggish. The platform is a crucial source of ongoing income for Musk, especially after his acquisition of Twitter for $44 billion in 2022.
August 16, 2023 | 3:34 am
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NEUTRAL IMPACT
Qualcomm was mentioned in the article, but it was not directly related to the main news about Elon Musk's X Premium.
Qualcomm was mentioned in the article, but it was not directly related to the main news about Elon Musk's X Premium. Therefore, it's unlikely to have any significant impact on Qualcomm's stock.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 10
NEGATIVE IMPACT
Elon Musk's efforts to increase profitability for X Premium, previously known as Twitter, have seen minimal success, indicating potential challenges in revenue growth.
The news indicates that Elon Musk's strategy to increase profitability for X Premium through cash offers has not been successful. This could potentially impact Twitter's revenue growth, as the platform is a crucial source of ongoing income for Musk, especially after his acquisition of Twitter for $44 billion in 2022.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100