Elon Musk announced that significant changes are coming to X after it was revealed that the company had lost a staggering $25 billion this year.
The owner of the platform previously known as Twitter, are considering adjusting the algorithm with the purpose of supporting smaller accounts.
In a post on X on November 10, Elon Musk detailed his intentions and expressed his gratitude for the “critical comments” of the users.
“In the coming days, a significant update to the recommendation algorithm will be implemented. This will favor the visibility of smaller accounts and publications beyond your network of followers,” he wrote.
He added that, “as always, this will be open source and subject to continuous improvements.”
Only losses
In October 2022, Musk acquired the social media company for $44 billion and has since been estimated to The company has lost a value of 25,000 million of the currency since its purchaseaccording to a Fortune report.
At the end of October this year, the tycoon launched a new employee equity compensation plan, which would allow staff to obtain shares in the company.
It was during this process that it was revealed that X is now worth approximately $19 billion.according to the Fortune report.
Many controversial changes
Since taking control of the company, the tycoon has made some changes, although many of his decisions have been the subject of controversy.
Specifically, remove blue check mark for verified accounts and allow anyone buys the status for $8 a month.
However, regarding the upcoming change in the algorithm, some X users praised the billionaire for his decision. We will see if Musk’s latest decision will be effective both in practice and in theory.