X Becoming Profitable? Elon Musk-Run Platform Already Cash Flow Positive When Service Debt Cost Not Included, Says Report
X, formerly twitter, is cash flow positive — except for the $1.5 billion in debt payments the company owes per year to the banks who lent $13 billion to finance Elon Musk’s purchase of the company, CEO Linda Yaccarino reportedly told lenders on Thursday.
X, formerly twitter, is cash flow positive except for the $1.5 billion in debt payments the company owes per year to the banks who lent $13 billion to finance Elon Musk’s purchase of the company, CEO Linda Yaccarino reportedly told lenders on Thursday. She further told the bankers that the social media company is testing three tiers of premium service which will let company to charge different amount to users depending on how much advertisements are shown. X Gets License for Payment Services in Georgia as Elon Musk Moves to Transform Platform Into 'Everything App'.
X Already Profitable?
JUST IN: Bloomberg reports X is already cash flow positive when not including the cost of servicing debt. pic.twitter.com/EhiVyfulAK
— The Spectator Index (@spectatorindex) October 6, 2023
(The above story first appeared on LatestLY on Oct 07, 2023 08:13 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
