X (formerly Twitter) CEO Linda Yaccarino on Thursday said that the company is on the verge of breaking even, after it went through a massive churn in the last few months including huge layoffs and platform changes.
In her first TV interview since she took over as X Corp CEO, Yaccarino also said that video calls are arriving soon on the platform, as it aims to become an “everything app” like China’s WeChat, IANS reported from SanFrancisco.
“I’ve been at the company for eight weeks. The operational run rate right now… we’re pretty close to breaking even,” she was quoted as saying.
“Our data licensing and API with X is an incredible business. Our new subscription business is growing,” Yaccarino added.
The CEO of X said she has “autonomy” under Musk as he focuses on new technology and “I am responsible for the rest.”
On Meta’s Threads, she said that they may be building to what Twitter was, and “we are focused on what X will be.”
The X CEO informed that soon, “you’ll be able to make video chat calls without having to give your phone number to anyone on the platform”.
She also spoke about other features like long-form videos and creator subscriptions, along with future plans around digital payments.
On Musk vs Meta Founder and CEO Mark Zuckerberg’s fight, she said: “We’ll see if that cage match does happen. What I can say is that I’ve had a front row seat of witnessing that Musk is training.”
Musk always wanted Twitter to become “an everything app” like China’s WeChat.
“Buying Twitter is an accelerant to creating X, the everything app,” Musk said in October last year, as he took over the company after acquiring it for $44 billion.
“Twitter probably accelerates X by 3 to 5 years, but I could be wrong,” he added.
Network18 reaches 250mn TV viewers, crosses 65bn social video views: Akash Ambani
MIFF panel agrees youngsters driving documentary renaissance
At APOS, JioStar’s Chatterjee says India most demanding live sports market
JioStar’s Vaz says focus is on creating integrated consumer experiences across screens
UK proposes sweeping SM ban for under-16s; WhatsApp exempted
‘Obsession’ director Curry Barker announces new horror film
Adah Sharma’s ‘Gajra’ first look reveals her new avatar
Netflix announces ‘India’s Got Latent’ Season 2 with Samay Raina’s new comedy
Raju Khan recalls challenges of filming ‘Ghanan Ghanan’ 


