X growth stagnant, 'we're barely breaking even'

From:: Elon Musk
Date:: January 2025 (Sent in January 2025; reported by The Wall Street Journal on Jan. 24, 2025)
To:: X employees

Partial text. Only these passages were published; [...] marks a gap.

Over the last few months, we've witnessed the power of X in shaping national conversations and outcomes. We are also seeing other platforms begin to adopt our commitment to free speech and unbiased truth. [...] Our user growth is stagnant, revenue is unimpressive, and we're barely breaking even.

About this email

Musk tells X employees that the platform has shown its power in shaping national conversations but that user growth is stagnant, revenue is unimpressive and the company is barely breaking even.

Notes

Musk publicly denied sending the email after the WSJ report; The Verge then published direct quotes. WSJ and Verge URLs come from Techmeme's listing and could not be opened in this session. The order of the two passages within the email is not confirmed.

Where it came from

Leaked to press; attribution widely reported.

Twitter/X, company-wide memo. Tags: finances, user-growth, revenue, x, debt

Earlier email Search all emails Later email