X CEO reveals when Elon Musk's social media platform will be profitable

Linda Yaccarino, the CEO of Elon Musk's social media platform, formerly called Twitter, has recently revealed when the platform will be profitable.

1 minute & 32 seconds read time

The Elon Musk-appointed CEO of X, the social media platform formerly known as Twitter, has said the company is expected to become profitable early next year.

X CEO reveals when Elon Musk's social media platform will be profitable 256

Linda Yaccarino, the CEO of X, announced on stage at the Code Conference that X will be profitable by "early 2024," which will be an incredible achievement when taking into account that Twitter wasn't profitable for the first 13 years of its existence, and Musk only gained control of the company less than a year ago. This statement from Yaccarino is in line with what the X CEO has previously stated about the inner workings of the social media platform, as she stated in July that X was "pretty close to breakeven".

These massive drops in revenue for X came after Musk took over the platform, spooking many advertisers and causing them to stop ad expenditure on the platform. The concerns from advertisers were a result of Musk's overhaul of the content moderation system on then-Twitter and the platform's general approach toward what content can and cannot be on the platform.

It seems those concerns have been quelled, as Yaccarino said on stage, "90% of the top 100 advertisers have returned to the platform in the last twelve weeks alone."

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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