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☆ Elon Musk’s X says it has removed ‘hundreds’ of Hamas-affiliated accounts
▼ + stars: | 2023-10-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —X says it has removed “hundreds of Hamas-affiliated accounts” and taken down thousands of posts since the attack on Israel by the Palestinian militant group. “X is… addressing identified fake and manipulated content during this constantly evolving and shifting crisis,” she added. The platform had “assembled a leadership group to assess the situation” shortly after news broke about the attack, Yaccarino said. It had also responded to more than 80 “take down requests” from EU authorities to remove content. “Community Notes” — which allow X users to fact check false posts — are visible on “thousands of posts, generating millions of impressions,” she wrote.

Persons: London CNN —, Linda Yaccarino, Thierry Breton, ” Yaccarino, “, Yaccarino, X, ”, Breton Organizations: London CNN, Twitter, European Union, Digital Services Locations: Israel, Palestinian

☆ Elon Musk's X rebuts EU allegations of 'illegal' content about the Israel-Hamas conflict
▼ + stars: | 2023-10-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Linda Yaccarino: CEO of X speaking with CNBC's Sara Eisen on Aug. 10th, 2023. In a letter posted on X, Yaccarino said that after the Hamas attack on Israel, the social media firm "assembled a leadership group to assess the situation." The CEO also detailed the company's policies around violent speech, synthetic or manipulated media and perpetrators of violent attacks. "X is committed to serving the public conversation, especially in critical moments like this and understands the importance of addressing any illegal content that may be disseminated through the platform," Yaccarino said. This year, the EU introduced the Digital Services Act (DSA), a sweeping piece of regulation that forces online platforms to police illegal content more aggressively or risk huge fines.

Persons: Linda Yaccarino, CNBC's Sara Eisen, CNBC Linda Yaccarino, Yaccarino, Thierry Breton, Elon Musk, Breton Organizations: CNBC, Hamas, European Union, Wednesday, X, EU, Israel, Digital Services Locations: Israel, Palestinian, U.S, Japan, Australia, EU

☆ Europe gives TikTok CEO 24 hours to respond about Israel-Hamas war misinformation
▼ + stars: | 2023-10-12 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

TikTok CEO Shou Zi Chew prepares to testify before the House Energy and Commerce Committee hearing on TikTok: How Congress Can Safeguard American Data Privacy and Protect Children from Online Harms, on Capitol Hill in Washington, D.C., on March 23, 2023. European regulator Thierry Breton shared a stern letter to TikTok CEO Shou Zi Chew on Thursday, claiming his office has "indications" that the platform is being used to distribute disinformation and illegal content around the ongoing Israel-Hamas war. Breton issued similar letters to X owner Elon Musk and Meta CEO Mark Zuckerberg this week. Under the European Union's newly enacted Digital Services Act, TikTok must monitor and remove illegal content such as terrorist content or illegal hate speech. Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company's annual revenue.

Persons: Shou Zi Chew, Online Harms, Thierry Breton, Breton, Elon Musk, Mark Zuckerberg, TikTok, Chew, Musk, Linda Yaccarino, Zuckerberg Organizations: House Energy, Commerce, Safeguard, Online, Capitol, Washington , D.C, Services, Twitter, Meta, Facebook, CNBC Locations: Washington ,, Israel, Breton

LONDON (AP) — Elon Musk's social media platform X has removed hundreds of Hamas-linked accounts and taken down or labeled thousands of pieces of content since the militant group's attack on Israel, according to the CEO of the company formerly known as Twitter. Linda Yaccarino on Thursday outlined efforts by X to get a handle on illegal content flourishing on the platform. Plus, X's workforce — including its content moderation team — has been gutted. Political Cartoons View All 1207 ImagesThose changes are running up against the EU's Digital Services Act, which took effect in August. It forces social media companies to step up policing of their platforms for illegal content, such as terrorist material or illegal hate speech, under threat of hefty fines.

Persons: — Elon, Linda Yaccarino, X, ” Yaccarino, Thierry Breton, —, Yaccarino, Musk Organizations: Twitter, European Union, EU's Digital Services, YouTube, Facebook Locations: Israel, EU

Printed TikTok logos are seen in this illustration taken February 15, 2022. Breton's warning in a letter to Chew, first seen by Reuters, follows similar letters to X, formerly Twitter, owner Elon Musk and Meta Platforms' Mark Zuckerberg earlier this week. Breton subsequently posted the letter on social media platform Bluesky. Breton said in the letter to TikTok, owned by Chinese conglomerate ByteDance, that he had indications that it was being used to disseminate illegal content and disinformation in the EU after the Hamas attacks. The EU industry commissioner said rules on content moderation were clear in the EU Digital Services Act (DSA) and spelt out certain obligations in his letter.

Persons: Dado Ruvic, Thierry Breton, Frenchman, Shou Zi Chew, Chew, Elon Musk, Mark Zuckerberg, Breton, Linda Yaccarino, Foo Yun Chee, Philip Blenkinsop, Jane Merriman, Elaine Hardcastle, Jan Harvey Organizations: REUTERS, Rights, Digital Services, DSA, Reuters, EU, EU Digital Services, Thomson Locations: Rights BRUSSELS, Israel

☆ Elon Musk demands to see a 'list of violations' after the EU called him out over the rapid spread of Israel-Gaza disinformation on X
▼ + stars: | 2023-10-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk has demanded the EU provide a "list of violations" concerning disinformation on X. The international body told Musk to tackle the problem or face penalties. AdvertisementAdvertisementElon Musk has demanded to see a "list of violations" after the European Union told him to tackle disinformation about the Israel-Gaza conflict, which has been rapidly spreading on X. In a post on X, Musk replied to Breton's letter, saying: "Our policy is that everything is open source and transparent, an approach that I know the EU supports. The company's CEO, Linda Yaccarino, pulled out of two speaking arrangements, citing the developing conflict and a need to "remain fully focused on X platform safety."

Persons: Elon Musk, —, Thierry Breton, Breton, Musk, Linda Yaccarino, Sander van der Linden Organizations: EU, Service, European Union, Hamas, University of Cambridge Locations: Israel, Gaza, Algerian

☆ Insider Today: Israel's next steps
▼ + stars: | 2023-10-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementIn today's big story, we're looking at the latest developments in Israel's war with Hamas, including Israel's devastating airstrikes and a potentially complicated ground invasion of Gaza. What's on deck:Markets: Market experts detail how to cash in on an ailing bond market. Market experts detail how to cash in on an ailing bond market. AdvertisementAdvertisementThe Israel war is also impacting another conflict: Russia's invasion of Ukraine. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Jimmy Buffett's, margarita, Caroline Ellison, Sam Bankman, Faiz, NurPhoto, Insider's Kelsey Vlamis, Insider's Chris Panella, Amir Levy, Jake Epstein, Insider's Elias Chavez, David Donabedian, Insider's Bryan Metzger, Brendan McDermid, Jim Rogers, George Soros, Raphael Bostic, Lorie Logan, BRYAN R, SMITH Caroline Ellison, Ellison, Linda Yaccarino, X, Arantza Pena Popo, eBay's, they're, They'll, Steve Scalise, Jim Jordan, Rachael Brennan, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Getty, CNN, Hamas, CIBC Private Wealth, Ukraine, Washington Post, Republican, Elite, Quantum Fund, Soros Fund Management, Atlanta Fed, Dallas, Fed, Alameda Research, Street, Gaza, Boomers, Republicans, Ohio, The Chicago, Tata Consultancy Services, Sam's Club Locations: Florida, Gaza, Israel, Ukraine, Russia, homebuying, Louisiana, New York City, San Diego, London, New York

☆ X has been slower to act on the misinformation that's swamped the platform after Elon Musk cut hundreds of trust and safety workers
▼ + stars: | 2023-10-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

False and misleading posts remain on the site, and many don't have Community Notes attached. It comes after Elon Musk cut its trust and safety team from around 230 to 20 full-time employees. "Neither fact-checkers nor Community Notes can keep up with this." "Only 8% had community notes, 26% had unpublished notes, and 66% had neither," he wrote. It added that Community Notes "appear within minutes" of content being shared and are a "critical tool" to help it combat misinformation.

Persons: Elon Musk, —, Shayan Sardarizadeh, Sardarizadeh, Ben Goggin, Insider's Kali Hays, Kali Hays, Linda Yaccarino, X, Linda, didn't Organizations: Service, Hamas, Hamas Terrorists, Twitter, Sunday, NBC News, Tech Locations: Israel, Gaza, paragliders, Egypt, Algeria

☆ X CEO Linda Yaccarino bails on a Wall Street Journal conference after her trainwreck Code interview
▼ + stars: | 2023-10-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino has canceled a conference appearance after a trainwreck interview last month. The CEO of X, formerly Twitter, was mocked after seeming unprepared at Code Conference. AdvertisementAdvertisementLinda Yaccarino has pulled off the schedule of an upcoming conference following her disastrous interview at Vox's Code Conference last month. The CEO of X, formerly known as Twitter, will no longer be speaking at The Wall Street Journal's Tech Live conference next week. "Linda Yaccarino is now unable to attend the WSJ Tech conference next week," an X executive told Insider.

Persons: Linda Yaccarino, —, Linda, Yaccarino, Julia Boorstin, Elon Musk, Insider's Ben Bergman, Yoel Roth, Roth, Kara Swisher . Roth, Musk, Swisher Organizations: Twitter, Conference, Service, Vox's, Tech, WSJ Tech, Street Locations: Israel, Meta

The social media platform X, formerly known as Twitter, says it is struggling with a flood of posts sharing graphic media, violent speech and hateful conduct about the Israel-Hamas war. But it has received a broadside of criticism, including from a top European Union official, questioning the adequacy of the response. One former member of Twitter’s public policy team said the company is having a harder time taking action on posts that violate its policies because there aren’t enough people to do that work. “X believes that, while difficult, it’s in the public’s interest to understand what’s happening in real time,” its statement said. “With the global crisis unfolding, Linda and her team must remain fully focused on X platform safety,” X told the organizers of the WSJ Tech Live conference being held next week in Laguna Beach, California.

Persons: Elon Musk, ”, Thierry Breton, ” Breton, Musk, we’ve, Emerson Brooking, Brooking, Ukraine ”, “ Elon Musk, monetization, “ Musk, Theodora Skeadas, “, ” Linda Yaccarino, Linda, ” X, Ali Swenson Organizations: Twitter, European Union, “, Atlantic Council, Journalists, Pentagon, X, WSJ Tech, Associated Press Locations: Israel, San Francisco, Ukraine, Laguna Beach , California

☆ The out-of-control spread of fake news about the Israel-Gaza conflict on X is 'a direct result of Musk's policies,' misinformation expert says
▼ + stars: | 2023-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

The rampant spread is "a direct result of Musk's policies," a misinformation expert told Insider. "The fact that people with verified accounts can monetize their content means they have the wrong incentive," he said. "They're incentivized to spread content that's going to get engagement, clicks, and ultimately make them money. Even if you keep saying don't trust verified accounts, it's still difficult for people to navigate that landscape." Van der Linden said although misinformation was also present on Twitter before Musk's time, the platform used to have better resources to tackle it.

Persons: —, Linda Yaccarino, Elon Musk, Musk, Sander van der Linden, Van der Linden, van der Linden, it's, Stanford, Alex Stamos, der Linden, They're Organizations: Service, Hamas, Cambridge Social, University of Cambridge, Twitter Locations: Gaza, Israel, Egypt

Google was the first big tech company to say it would impose new labels on deceptive AI-generated political advertisements that could fake a candidate's voice or actions. The pressure on the social media companies comes as both lawmakers are helping to lead a charge to regulate AI-generated political ads. Google has already said that starting in mid-November it will require a clear disclaimer on any AI-generated election ads that alter people or events on YouTube and other Google products. This policy applies both in the U.S. and in other countries where the company verifies election ads. Facebook and Instagram parent Meta doesn’t have a rule specific to AI-generated political ads but has a policy restricting “faked, manipulated or transformed” audio and imagery used for misinformation.

Persons: Tom Hanks hawking, Pope Francis, Rand Paul, Mark Zuckerberg, Linda Yaccarino, ”, Sen, Amy Klobuchar, Yvette Clarke, didn't, Clarke, Klobuchar, “, ” Klobuchar, Republican Sen, Josh Hawley of, Joe Biden, Donald Trump, Anthony Fauci, Ron DeSantis, Democratic Sen, Elizabeth Warren, Ari Cohn, haven't, ” Cohn, Ali Swenson Organizations: Sen, Capitol, Google, Facebook, Democratic, Associated Press, Klobuchar, U.S ., Twitter, Meta, Senate, YouTube, Republican, Republican National Committee, GOP, Florida Gov, Administration, Commission, Public Citizen Locations: Minnesota, York, U.S, Josh Hawley of Missouri, United States

☆ Elon Musk’s X faces advertiser backlash after placing marketing for major brands on notorious white supremacist account
▼ + stars: | 2023-10-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

Those companies and organizations include Amazon, Samsung, the Denver Broncos, Cox Communications, STARZ, The Wall Street Journal, The Michael J. But that it apparently also believes it is appropriate to monetize the outlet’s vicious hate speech says volumes not only about the company’s ethics, but its supposed commitment to brand safety. X must be well aware that it is pairing advertisements with racist content, given that the NFL made noise about this very problem last week. In a Thursday night statement, X effectively acknowledged it has more work to do to make the platform safe for brands. Some of the brands whose advertisements appeared on VDARE’s account expressed strong displeasure on Thursday when they became aware of the situation.

Persons: Michael J, Linda Yaccarino, X, ”, —, ” Jon Kelly, Puck, Kelly, Lou Paskalis, “, ” Paskalis Organizations: CNN, Elon, Musk, Amazon, Samsung, Denver Broncos, Cox Communications, STARZ, Street, Fox Foundation, University of Missouri, Asian Development Bank, YouTube, NFL, Media, New York Waterway, ” Cox Communications, Wall Street Locations: University of Missouri , New York, Axios, York

☆ X CEO Yaccarino tells bank lenders that revenue grew by single-digit percentage - source
▼ + stars: | 2023-10-05 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

Revenue at the company, formerly known as Twitter, grew in the high-single digit percentage during the third quarter compared to the second quarter, the source said. The size of X's revenue, which includes money earned through advertising, subscriptions and data licensing, could not be learned. The company's U.S. ad revenue has declined each month on a year-over-year basis since Musk's acquisition, according to data from ad analytics firm Guideline, which tracks ad spending data from major ad agencies. In the meeting, Yaccarino said the company's revenue drivers would include political ads, as the company lifted a pre-acquisition global ban on such ads, according to the source. X will also focus on serving more small and medium-sized advertisers, which Yaccarino described during the meeting as a major growth opportunity, the source said.

Persons: Carlos Barria, Linda Yaccarino, Musk, Yaccarino, Sheila Dang, Sandra Maler Organizations: REUTERS, Elon, Reuters, Revenue, Twitter, U.S, U.S . Securities, Exchange Commission, Thomson Locations: San Francisco , California, U.S, Austin

☆ US ad revenue at Musk's X declined each month since takeover -data
▼ + stars: | 2023-10-04 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. U.S. ad revenue dropped by 78% in December 2022 compared with the same month the previous year, the steepest monthly decline since the acquisition, according to ad analytics firm Guideline, which tracks advertising spending data from major ad agencies. Ad revenue in August, the latest data available from Guideline, declined 60% year-over-year. X declined to comment on the data. Last month, he accused the Anti-Defamation League of being the primary cause behind a 60% decline in U.S. ad revenue, though he did not provide a time frame.

Persons: Carlos Barria, Elon Musk, Linda Yaccarino, Yaccarino, Sheila Dang, Yuvraj Malik, Matthew Lewis Organizations: REUTERS, Twitter, Reuters, Reuters Graphics, Defamation League, ADL, Thomson Locations: San Francisco , California, U.S, China, Austin , Texas, Bengaluru

☆ Elon Musk's X gets rid of story headlines and links in some users' feeds
▼ + stars: | 2023-10-04 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

X (formerly Twitter) CEO Elon Musk leaves a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. On Elon Musk's X, the site formerly known as Twitter, some users reported on Wednesday that they were unable to see news links and headlines on certain posts, a change in the way that media stories appear in their feed. Several X users noted that posts only displayed graphics of individual news articles, making it confusing to understand. An X spokesperson told CNBC that he's looking into whether the removal of headlines and links represents a broad rollout. WATCH: X CEO Linda Yaccarino gives tense interview at Code Conference

Persons: Elon Musk, Elon, Musk, Linda Yaccarino, CNBC's Julia Boorstin, Yaccarino, X's Organizations: Artificial Intelligence, CNBC, Defamation League, ADL Locations: Washington ,

☆ ADL says it will resume advertising on X following feud with Elon Musk
▼ + stars: | 2023-10-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —The Anti-Defamation League on Wednesday said it plans to resume advertising on X, the platform formerly known as Twitter, following a spat with owner Elon Musk. Musk last month threatened to sue the ADL for defamation, claiming that the nonprofit organization’s statements about rising hate speech on the social media platform had hurt X’s advertising revenue. But the group says it will continue to monitor for antisemitic content on X. Two brands in August paused their ad spending on X after their advertisements ran alongside an account promoting Nazism. A search on Wednesday for Greenblatt’s name immediately surfaced multiple hateful and antisemitic tweets about the ADL leader.

Persons: Elon Musk, Jonathan Greenblatt, Greenblatt, ”, “, ” Musk, X, Musk, Linda Yaccarino, Yaccarino Organizations: New, New York CNN, Defamation, Twitter, ADL, CNN, Center Locations: New York, United States

☆ Elon Musk’s X is a black hole of value
▼ + stars: | 2023-10-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 3 (Reuters Breakingviews) - X is still worth something, but not for the people running it. loadingDespite Musk’s big pronouncements about pushing into subscriptions, X has historically relied on advertising, which contributed over 90% of revenue when it was a public company. Put it all together, and X isn’t just worth less than Musk paid for it, but likely less than its debt. Put that on the same enterprise-value-to-sales multiple as Snap, which is down to a mere 3 times, and X is worth around $8 billion. Like a financial black hole, X threatens to consume most of whatever value it once had.

Persons: Boss Linda Yaccarino, Morgan Stanley, Musk’s, Musk, ByteDance, X, Linda Yaccarino, Elon Musk, Jonathan Guilford, Sharon Lam Organizations: Reuters, Financial Times, Elon Musk’s, Comcast, Linda, Thomson

☆ Bill Ackman says he hasn't talked to Elon Musk about X investment for Pershing 'SPARC'
▼ + stars: | 2023-10-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Bill Ackman on Monday told CNBC he had not spoken with Elon Musk about a deal involving X, formerly known as Twitter, but that he likes the business and Musk and suggested a deal with X would be welcome if Musk wanted it. The billionaire CEO of Pershing Square Holdings was discussing his new carve-out vehicle, which he called a SPARC, or special purpose acquisition rights company. The product is similar to a SPAC, but Ackman said that Pershing's structure would only invest in companies it views as long-term investments. Ackman made waves in a Sunday interview with the Wall Street Journal, where he said he would "absolutely" invest in X through his new SPARC structure. If part of X were to debut on the market, it would likely be at a valuation far below the $44 billion that Musk paid for it.

Persons: Bill Ackman, Elon Musk, Musk, he's, Ackman, CNBC's Andrew Ross Sorkin, SPACs, Linda Yaccarino's, maven Organizations: Monday, CNBC, Elon, Pershing Square Holdings, SPARC, Financial Times, Wall Street, Meta Locations: —

☆ Linda Yaccarino tried to show the X app on her phone during her car-crash interview. It didn't appear to be there.
▼ + stars: | 2023-09-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Linda Yaccarino apparently doesn't have the X app on her home screen. AdvertisementAdvertisementElon Musk might run X from his phone ; Linda Yaccarino, on the hand, might not. She doesn't even appear to have the X app on her iPhone home screen at all. At least that's what a newly surfaced video of the X CEO's car-crash interview at Code Conference appears to show. During a bizarre segment, Yaccarino waved her phone screen to attendees as a way of symbolizing X.

Persons: Linda Yaccarino, Instagram, —, Elon, Yaccarino, Alex Heath, CNBC's Julia Boorstin, Musk Organizations: Conference, Facebook, Service

☆ Elon Musk lashes out at journalist Kara Swisher and says she was 'foaming at the mouth' during an interview with a former X exec
▼ + stars: | 2023-09-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk has criticized journalist Kara Swisher over her interview with a former X executive. Swisher interviewed Yoel Roth at Vox Media's Code Conference on Wednesday. During the interview, Roth advised X CEO Linda Yaccarino to consider the risks of working with Musk, The Verge reported. However, in a follow-up post on X, Swisher said Yaccarino had known Roth would appear. In a separate post on X, Swisher called Boorstin's interview with Yaccarino "very tough but fair."

Persons: Elon Musk, Kara Swisher, Swisher, Yoel Roth, Vox, Linda Yaccarino, —, Roth, " Roth, Yaccarino, Musk, Kara, Julia Boorstin, chuckles, Jason Calacanis Organizations: Service, Twitter

☆ X CEO Linda Yaccarino Says Platform Should Turn Profit in 2024
▼ + stars: | 2023-09-28 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Twitter’s next CEO, Linda Yaccarino, is well-known for her tight relationship with ad agencies and her hard-nosed negotiating tactics. WSJ’s Suzanne Vranica explains what she can bring to the social media company. Photo: Charles Sykes/NBCUniversal/Getty Images (Published earlier this year)X Corp. Chief Executive Linda Yaccarino said on Wednesday the company is “just about break even” in terms of operating cash-flow and should turn a profit early next year. Yaccarino, NBCUniversal’s former ad-sales czar who joined the company, formerly called Twitter, in June, has faced questions about how much she can rebuild X’s ad business after tumult under company owner Elon Musk, who acquired the platform late last year and swiftly cut thousands of jobs, upended features like verification and loosened content-moderation policies.

Persons: Twitter’s, Linda Yaccarino, WSJ’s Suzanne Vranica, Charles Sykes, Elon Musk Organizations: X Corp

☆ NFL tells X it's concerned about placement of ads on white nationalist accounts
▼ + stars: | 2023-09-28 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The National Football League on Thursday responded to a recent report that pointed out its ads were placed on white nationalist feeds on Elon Musk's social media platform, X. "NFL unequivocally denounces any form of hate speech and has absolutely no association with these individuals or any group that promotes racism," NFL spokesman Brian McCarthy told NBC Sports' Pro Football Talk. The NFL did not indicate if they would pull ads from the platform, or if X would remove the ads from the white nationalist accounts. Media Matters found five white nationalist accounts, with a total of 1 million followers, where NFL ads appeared. Yaccarino struggled to answer key questions regarding company matters, including hate speech and antisemitism, at Vox Media's 2023 Code Conference on Wednesday.

Persons: Brian McCarthy, Musk, X, CCDH, Brian Rolapp, Linda Yaccarino, innovating, Yaccarino, Vox Organizations: National Football League, Elon, NFL, NBC Sports, CNBC, Media, Twitter, Center

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSept 27 (Reuters) - Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk. The appearance at Vox Media's Code conference comes as Yaccarino marked 100 days as CEO of the platform formerly known as Twitter. "The velocity of change and the scope of ambition at X really does not exist anywhere else," Yaccarino said. Yaccarino added that about 1,500 advertisers have returned to the platform in the last 12 weeks, and that 90% of the company's top 100 advertisers have returned.

Persons: Carlos Barria, Linda Yaccarino, Elon Musk, Yaccarino, Musk, X, Dawn Chmielewski, Sheila Dang, Kim Coghill, Christian Organizations: REUTERS, Twitter, Anti, Defamation, ADL, Thomson Locations: San Francisco , California, U.S

☆ X CEO says the platform could turn a profit next year — and that most top advertisers have returned 'in the past 12 weeks'
▼ + stars: | 2023-09-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

X CEO Linda Yaccarino said her company could be turning a profit in early 2024. Yaccarino added that 90% of the platform's top 100 advertisers have returned in the "last twelve weeks." Yaccarino previously said that X was close to breaking even — echoing Musk's comments in April. AdvertisementAdvertisement"90% of the top 100 advertisers have returned to the platform in the last twelve weeks alone," Yaccarino added. Yaccarino appeared to be referring to the exodus of advertisers from the platform after its acquisition in October last year.

Persons: Linda Yaccarino, Yaccarino, X, —, CNBC's Julia Boorstin, Musk, Twitter —, Elon Musk Organizations: Service, BBC, Twitter, Elon, Media, New York Times Locations: NBCUniversal

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