According to statements made by Linda Yaccarino, the president, and CEO of X, which was once known as Twitter, the business is very close to reaching the “break even” mark.

As reported by Tech Crunch, Yaccarino’s initial aired interview since joining the helm of the company demonstrates her confidence despite recent rebranding attempts at the micro-blogging site.

This allegation has astonished many people, especially in light of the fact that the platform has been having financial difficulties since being acquired by Elon Musk, an American business magnate who was born in South Africa, which has led to a significant drop in ad revenue as a result of lower brand spending.

X, on the other hand, did everything in his power to increase his flow of cash. Examples of this include when users were given a limit on rates for not paying to Twitter Blue as well as when the firm charged the group of developers exorbitant charges for access to the application programming interface (API).

However, if what Yaccarino is claiming can be believed in, it would appear that X’s finances are going through a turbulent time right now. This is especially important in light of the fact that the company cut its workforce from roughly 8,000 to 1,500 employees as a result of the layoff wave it went through. Despite the fact that X has not yet paid the promise of three-month severance payments to individuals whose jobs were cut as a result of the layoff.

In the meantime, these aren’t the only contributions that the company has yet to receive despite being overdue. In addition to this, other lawsuits have been filed against X on the grounds that it has not paid the rent for its multiple offices located all over the world.

“Our information licensing and API partnership with X is producing unbelievable results. Our brand-new subscription-based business is showing signs of expansion. “And then, an element of my knowledge and expertise, as well as what I went to do, was to promote marketing at the company,” said Yaccarino.

The Chief Executive Officer of X also mentioned that her regular interactions with various businesses are optimistic for the company’s advertising revenue. In the meantime, the business is also implementing AI-powered ad technology that will enable brands to select the types of content that they want their advertisements to be displayed alongside. Musk had previously stated that goods locations that are less cautious would be offered at a discount in the future.