Elon Musk says Twitter at ‘roughly break-even’ after ‘quite painful’ ownership

Six months after he purchased the company for $44 billion (approximately Rs. 36,117,399 crores), Twitter CEO Elon Musk stated that operating the social media network has been "quite a rollercoaster" and that he has made "many mistakes" along the way.

Musk appeared to implicitly acknowledge, during a live interview with the BBC he agreed to at the last minute for the "spontaneity" of it, that one of those mistakes was the decision to designate the broadcaster's account "government-funded media."

After the broadcaster objected, he stated that he would modify the BBC's Twitter handle.Musk stated, "We want it to be as truthful and accurate as possible, so we're changing the label to 'publicly funded.'"

The majority of the funding for the British national broadcaster comes from an annual license fee set by the government but paid by individual households.The labeling dispute follows a previous controversy over a similar move involving the US radio network NPR, which Twitter briefly labeled "state-affiliated" in the same manner that it labels government-run Chinese and Russian platforms.

Twitter now labels NPR, whose account has nearly 9 million followers, as "government-funded media" and has applied the same designation to the BBC's account.

Musk has expressed contempt for the media for years, and he recently installed an automatic response of a poop emoji to emails sent to the site's primary media email address.

In a late Tuesday interview with the BBC, he also addressed Twitter's controversial decision to remove the blue verified check mark from the New York Times after the newspaper refused to pay to retain it.

Legacy verified accounts on Twitter, which were authenticated under the previous administration, will be required to subscribe to Twitter Blue beginning on April 20.

Musk stated that one of the reasons for this is that he does not want Twitter to promote "some anointed class of journalists" who decide what constitutes news."I'm hopeful that this will be a situation where the public chooses the narrative, as opposed to the media," he said.

He stated that Twitter would "treat everyone equally".In assessing his tenure as CEO of the social media network since he assumed control in October, Musk described it as a "stressful situation over the past few months."

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"Were numerous errors made along the way? Obviously," he replied. "However, everything ends well. I believe we are headed in the right direction."With the resumption of advertisers, he stated that the company was "roughly breaking even" at this time.

After resigning as Twitter's CEO in response to a poll on the site, he named his canine Floki when asked who would replace him.