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Social media giant X (formerly Twitter) could become profitable by the start of 2024, CEO Linda Yaccarino has confirmed in an appearance at Vox Media’s Code conference.\u00a0<\/p>\n<\/p><\/div>\n
Also Read| Elon Musk: Traditional automakers like General Motors and Ford could go \u2018bankrupt\u2019 if\u2026<\/a><\/p>\n Speaking about the roadmap of profitability for X, Yaccarino said, “Now that I have immersed myself in the business, and we have a good set of eyes on what is predictable, what’s coming is that it looks like in early ’24, we will be turning a profit,”<\/p>\n Prior to the announcement on Thursday, Yaccarino and Musk had earlier stated that the social media company is close to \u2018breaking even\u2019.<\/p>\n Yaccarino also noted that 90% of the top 100 advertisers have returned to X in the last 12 weeks and the time spent by users on the platform has gone up since June. Since the takeover by Elon Musk last year, X has struggled to assuage advertiser’s fears about unsuitable content on the site with researchers and activist groups pointing to an increase in the hateful posts, reported Reuters.\u00a0<\/p>\n Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! <\/i>Click here<\/i><\/a>!<\/i><\/p>\n According to leaked documents quoted by the New York Times, ad revenue on for five weeks from April 1 to May 1st week had gone down 59 percent from a year ago.<\/p>\n Also Read| \u2018Elon Musk\u2019 biography becomes second bestseller by Walter Isaacson, \u2018weird .. close-up pics\u2019 says Musk<\/a><\/p>\n On being asked about tweets by owner Elon Musk on X, Yaccarino said, “Freedom of speech is only successful if someone you disagree with says something you disagree with.”<\/p>\n In response to a question about analytics company Apptopia that showed active app users on X had fallen behind Samsung’s clock app, Yaccarino said that key metrics on the time spent by users on the platform was \u201ctrending very, very positively,”<\/p>\n \t<\/p>\n “Exciting news! Mint is now on WhatsApp Channels \ud83d\ude80<\/span> Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here!<\/strong><\/a> <\/p>\n More<\/a> \n\t\tUpdated: 28 Sep 2023, 12:54 PM IST\n\t<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Social media giant X (formerly Twitter) could become profitable by the start of 2024, CEO Linda Yaccarino has confirmed in an appearance at Vox Media’s Code conference.\u00a0 Also Read| Elon Musk: Traditional automakers like General Motors and Ford could go \u2018bankrupt\u2019 if\u2026 Speaking about the roadmap of profitability for X, Yaccarino said, “Now that I […]<\/p>\n","protected":false},"author":2,"featured_media":164355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,210,10815,9258,187,184,189,150,182,190,157,5534,1116],"class_list":["post-164354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-elon-musk","tag-elon-musk-x","tag-linda-yaccarino","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology","tag-twitter","tag-twitter-ad-revenue","tag-twitter-ceo"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=164354"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164354\/revisions"}],"predecessor-version":[{"id":164356,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164354\/revisions\/164356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/164355"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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