X CEO Linda Yaccarino said 90% of the top 100 advertisers have returned to the platform. In the past 12 weeks alone, about 1,500 have returned. X should profitable 4-6 months.
NEWS: X CEO @lindayaX says “90% of the top 100 advertisers have returned to the platform; In the past 12 weeks alone, about 1,500 have returned.” https://t.co/MApTDNdtOO
— Sawyer Merritt (@SawyerMerritt) September 28, 2023
Linda Yaccarino, CEO of X, said that the social media platform could turn a profit in early 2024. After months of turmoil, she says 90% of X’s top 100 advertisers have now returned https://t.co/vd5h9QQ6Us pic.twitter.com/TPeek9sZL6
— Reuters (@Reuters) September 28, 2023
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Daily Average Users (DAU) is still going down though, so even if the advertisers came back, they would be paying less than before the company was saddled with all the new debt.
I think they should make an option to pay pr use.
So 5 usd gets me 5000 x-coin. Then when I hit like, it takes 1 coin from me and give 1 to the poster.
Then you can cash out your coins for a 15% fee
Linda Yaccarino, the CEO who didn’t even know Elon had publicly stated he wanted to move to a subscription model for every user? Yeah I totally trust her on that, and it totally sounds like a move a company would make when they’re on the verge of profitability anyway.
I don’t think there is any conflict about the subscription model. As usual, Elon is talking about a distant abstract goal and she is talking about concrete immediate plans and targets. He wants to move to a model where everybody pays something to subscribe because it’s a clear way of handling bots in an era when AI can easily solve any captcha and any free platform will be overrun. That can’t happen though without significant changes. X needs something new to sell subscriptions. X will keep adding features and his hope is to get to the point where users will value them enough to pay.
that was fake news per Elon himself on X.