Elon Musk’s X might start making money by 2024, according to CEO Linda Yaccarino

Elon Musk’s X might start making money by 2024, according to CEO Linda Yaccarino

Technology/ Prince Garg : 

The platform owned by Elon Musk, according to TWITTER-YACCARINO:X CEO Yaccarino, may earn a profit in 2019.

In a wide-ranging interview on Wednesday, Chief Executive Officer Linda Yaccarino praised the development of the company under the leadership of billionaire owner Elon Musk and suggested social network platform X may start turning a profit in early 2024.

Yaccarino made the presentation at the Vox Media Code conference as he passed the 100-day mark as CEO of the website formerly known as Twitter. Her independence in the position has come under scrutiny, as has the company’s ability to win over advertisers concerned of the platform’s quick changes and Musk’s contentious image.

The pace of development and the scope of the goals at X, according to Yaccarino, are unmatched elsewhere.

When questioned about third-party estimations that indicated X’s active app users had dropped to 25th place behind Samsung’s clock app, Yaccarino stated that key indicators surrounding time spent on X were “trending very, very positively,” without going into further detail.

In the past 12 weeks, 1,500 advertisers have returned to the platform, and 90% of the top 100 advertisers for the business have done the same, according to Yaccarino.