Since Elon Musk bought X.com, the platform has undergone many changes. New features have been added, such as a video tab and a section for job offers. He also wants to make X.com an application that could manage the payments of its users. However, if on paper, the ideas are good, they bring little green paper.
When Tesla’s boss took over the platform, many advertisers have stopped publishing advertisements on X.com, which dropped income. According to The Wall Street Journal, Some brands start using X.com again, but this is not enough to solve financial problems.
In his email, Elon Musk highlighted the influence of X.com in public discussions. He also pointed out that other platforms, such as Meta, copy certain functionality of X.com, which shows that the platform has an impact. But this impact has not yet been translated into money.
-Despite everything, the billionaire continues to seek resources to attract new investors and restore confidence in the future of X.com. The path to profitability remains long, even when you are a billionaire.
