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Mark Cuban Gives Elon Musk Business Advice in Latest Jibe

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X has reportedly become less profitable since Musk's takeover, with a 2023 report saying it saw a 54 percent drop in revenue.

Mark Cuban offered Elon Musk some business advice for his platform X in the latest jibe shared between the two entrepreneurs on the social media site.Cuban commented on September 17, 'Hey @elonmusk this could make @X profitable,' while sharing a previous post of the patent receipt of a new software Cuban and two others had invented. Cuban appeared to have to turned off the comments of the post.

Musk instead tried to generate revenue from building up X Premium, the equivalent of Twitter Blue, meaning he would collect profit from those willing to pay a subscription of $8 a month for the more advanced version of the platform.Tech site Mashable reported that X has recorded heavy losses. For example, it said that it lost $456 million in the first quarter of 2023, despite X CEO Linda Yaccarino saying the platform would become profitable in 2024.

 

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