X facing big financial hurdle? Here's what Elon Musk told his employees in an email
Elon Musk might be touting his social media platform as the «new media» and what not but now it seems that the company is struggling. Elon Musk acquired Twitter in 2022, now known as X.
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An email sent by Elon Musk to his employees reportedly reveals that the platform is facing significant financial hurdles, reports The Wall Street Journal. The billionaire entrepreneur admitted the platform is “barely breaking even,” citing stagnant user growth and underwhelming revenue.
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Is X facing massive financial hurdle?
Musk told X employees in an email that the company is in “a very dire situation from a revenue standpoint”. The billionaire went on to add, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,” Musk said in the mail, The Wall Street Journal reported.
“Over the last few months, we’ve witnessed the power of X in shaping national conversations and outcomes...We are also seeing other platforms begin to adopt our commitment to free speech and unbiased truth,” Musk added in the email.
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By — Metla Sudha Sekhar, IT Specialist and
