Yaccarino is signaling optimism about the social media platform's future, telling an audience at this week's Code Conference that the company is nearing breaking even and that'll turn a profit in "early 2024."' sources, X is earning enough cash to at least cover the gargantuan interest payments, totaling roughly $1.5 billion a year, accrued by Musk's debt.
Oh, to be a fly on the wall. There's a lot we don't know about what's really going on behind the scenes at X and the company's short-term goals are as nebulous as ever.that "we may fail, as so many have predicted," a rare moment of lucidity for an entrepreneur who has a reputation for making kneejerk and ill-advised decisions.
It remains to be seen if Yaccarino will be able to rack up enough goodwill among lenders to right the ship and save X from its eventual demise. She'll certainly have a lot of questions to answer on behalf of her handler going forward.