Elon Musk Twitter account displayed on a telephone monitor and Twitter emblem shown on a display screen in the history are seen in this illustration photo taken in Krakow, Poland on November 22, 2022.
Jakub Porzycki | Nurphoto | Getty Pictures
Twitter CEO Elon Musk mentioned Sunday that the final couple months have been “incredibly rough,” but the social media company is “now trending to breakeven.” CNBC was not capable to independently confirm this assert.
Musk, who is also CEO of Tesla and SpaceX, said in a tweet that he has had to “preserve Twitter from personal bankruptcy” even though also fulfilling his roles at his other corporations.
“Would not desire that soreness on anybody,” he wrote. “Twitter however has issues, but it is now trending to breakeven if we maintain at it. General public aid is a great deal appreciated!”
Twitter and Musk did not immediately answer to CNBC to a request for comment.
Since obtaining the organization for $44 billion late last 12 months, it really is been a rocky takeover for “Mr. Tweet,” as Musk lately dubbed himself. Beneath the billionaire’s management, Twitter has slashed headcount through mass layoffs, other terminations and adjustments that compelled quite a few to resign, together with the close of a work-from-home without end policy that experienced been put in spot under previous CEO Jack Dorsey.
Twitter launched — and relaunched — its updated Twitter Blue membership assistance in December immediately after Musk had pulled and delayed the service in November. The company suffered a “massive fall in revenue,” in accordance to Musk, immediately after advertisers paused investing on the social media platform.
The billionaire has also faced significant shareholder backlash at Tesla for getting distracted, for stirring up political controversy with his system at Twitter, and for providing billions of dollars well worth of his Tesla shares to finance his Twitter takeover.
In a tweet Sunday, a Twitter user expressed issue about how considerably Musk has had on his plate.
“I am worried about me too,” Musk wrote in response.
—CNBC’s Lora Kolodny contributed to this report.
