• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors

Yaccarino says ‘X’ to become profitable in 2024 as advertisers return

Samson Akintaro by Samson Akintaro
September 28, 2023
in Sectors, Tech News
Linda Yaccarino
Share on FacebookShare on TwitterShare on Linkedin

The Chief Executive Officer of X, Linda Yaccarino is confident that the company will become profitable in early 2024.
Yaccarino stated this in an interview at the Code Conference.

  • “The confidence in profitability is hinged on the disclosure that “90% of the top 100 advertisers have returned to the platform in the last twelve weeks alone.”

Several advertisers were reported to have left the platform formerly known as Twitter as Elon Musk took over last year. Their return means an increase in revenue for the company.

She added that the time users spend on X has gone up since June, apparently as a result of the ad revenue sharing program which has more users posting on the platform to drive views and engagements in order to have a share of the ad revenue.

RelatedStories

Linda Yaccarino steps down as CEO of X, months after Musk’s AI firm took control 

Linda Yaccarino steps down as CEO of X, months after Musk’s AI firm took control 

July 9, 2025
Linda Yaccarino

Israel-Hamas conflict: X CEO, Linda Yaccarino responds to EU’s illegal content concerns 

October 12, 2023

Earlier in August, Yaccarino had also stated that the company was “pretty close to breakeven” in terms of operational run rate.

  • “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,” Yaccarino said.

The profitability journey

X, formerly Twitter, was acquired by Elon Musk in October last year. The billionaire has since been doing everything possible to bring the company, which he said was on the verge of bankruptcy, to profitability.

Part of the new changes introduced by Musk was the paid monthly subscriptions for the blue tick with new exclusive features and ad revenue-sharing program, which encourage content creators to remain on the platform.

X also reduced its spending by cutting the size of its staff from 8,000 to about 1,500; further, laid-off employees still have not been paid severance.

Misinformation concern on X

With the increase in users on the platform, the European Union earlier this week accused X of being used by pro-Russian forces to push misinformation and disinformation about the ongoing Russia-Ukraine war.

The EU said these actors are more in number on X compared with other social networking platforms such as TikTok, and Facebook, among others.

The company has, however, debunked the claim saying the EU’s position is not a reflection of its data. X said it has also been addressing misinformation on its platform through its community notes feature.


Follow us for Breaking News and Market Intelligence.
Tags: Linda Yaccarino
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

Linda Yaccarino steps down as CEO of X, months after Musk’s AI firm took control 
Sectors

Linda Yaccarino steps down as CEO of X, months after Musk’s AI firm took control 

July 9, 2025
Linda Yaccarino
Tech News

Israel-Hamas conflict: X CEO, Linda Yaccarino responds to EU’s illegal content concerns 

October 12, 2023
Yaccarino says X has paid almost $20 million to creators
Sectors

Yaccarino says X has paid almost $20 million to creators

September 30, 2023
Linda Yaccarino
Sectors

X CEO confirms video calls are coming to the platform

August 11, 2023
Next Post
Tekedia Capital Syndicate invites new members as it begins next investment cycle in October 2023

Tekedia Capital Syndicate invites new members as it begins next investment cycle in October 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics