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X, formerly known as Twitter, has lost users, advertisers and a lot of employees since Elon Musk took over the platform a year ago in a $44 billion deal. But, he still believes the platform is on a path to profits and prosperity.
Discount retailers Shein and Temu are attracting American shoppers at a rapid clip while shipping their products tax-free with little customs scrutiny.
The billionaire owner and CEO Linda Yaccarino dialed in from out of town, vaguely touting new features that will roll out in the coming months.
X CEO Linda Yaccarino is celebrating the anniversary of Musk's takeover. It's not the first time she's played down the obvious chaos that has swamped the platform.
This time last year, Elon Musk, world’s richest person and chief executive of Tesla, SpaceX, et al, was celebrating the end of a long and convoluted path to his acquisition of social media platform Twitter. The $44 billion deal, that first saw the light of day as an unsolicited offer in April 2022, was on the cusp of a potentially epic legal battle before Musk finally applied his signature to a purchase agreement last fall. At the time, he promised to remake Twitter, which has since been rebranded as X, through his own lens as a self-described “free speech absolutist.”