NE Digital Portal

Contact at

Social Media Giant X (formerly Twitter) would be Profitable by Early 2024: says CEO Linda Yaccarino

Linda Yaccarino says X (Formerly Twitter) will be profitably by early 2024. (AFP)

CEO Linda Yaccarino, during her appearance at Vox Media’s Code conference, has shared a promising outlook for Social Media Giant X, previously known as Twitter. Yaccarino confirmed that the company is on track to achieve profitability by the start of 2024. This revelation marks a significant milestone in the company’s journey toward financial sustainability.

In her discussion, Yaccarino highlighted several positive developments, including the return of 90% of the top 100 advertisers to X in the past 12 weeks and increased user engagement since June. These developments demonstrate the company’s resilience and growing appeal to both advertisers and users.

However, challenges persist, such as addressing concerns about inappropriate content on the platform. Despite these challenges, Yaccarino remains focused on the company’s mission and the importance of free speech.

As Social Media Giant X undergoes transformations under new leadership, Yaccarino’s announcement provides hope for a profitable future, while she emphasizes the platform’s positive user engagement metrics, which bode well for its ongoing growth and success. Stay tuned for further updates on X’s path to profitability and its evolving role in the social media landscape.