Musk’s X Posts Higher Sales Amid Costly Turnaround
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Elon Musk’s X:The X app in the Apple App Store.Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs — including from the firm’s restructuring — as the billionaire works to turn around the business he bought for $44 billion. The company, formerly known as Twitter, reported $752 million in revenue in the three-month period ended Sept. 30, a jump of more than 17% from the same period one year prior, according to people briefed on the numbers who declined to be identified as the details are private. Sales at X are over $2 billion for the first nine months of the year, according to the people.