Social platform X reported “barely breaking even” as Elon Musk sent an email to employees, citing stagnant user growth and revenue issues. WSJ highlighted that X’s influence in national conversations may have contributed to its financial struggles, while Meta is adapting by removing fact-checks in favor of community notes already implemented at X. The article also noted a decline in user base and ad revenue for X, with investors reportedly expressing interest in asset sales amid Musk’s claims of improving financial stability.
Source: https://mashable.com/article/x-barely-breaking-even-elon-musk-reportedly-told-staff