American billionaire Elon Musk has predicted the failure of his social platform, formerly known as Twitter, through his “X” account.

“The sad truth is that there are no major social networks right now,” Musk wrote.

He added, “We may fail as many predicted earlier, but we will do our best to at least have a successful social network.”

This comes just days after Musk announced that the site would remove the “block” feature for people because it deemed it an impractical feature.

It is worth noting that the American businessman made several changes at the level of the site, starting with a wave of layoffs that affected almost 70% of the company’s workforce, and radical changes to its paid service “X Blue”, formerly Twitter Blue. Relinquishing accounts with authentication codes via text messages to a paid feature and “X” sharing a share of ad revenue with content producers led to relinquishing the executive position to new CEO Linda Icarino. Also changed Twitter’s full name to “X”.

Despite his various policies and steps to reduce costs and increase revenue, Musk has so far been unable to reach the “X” floor or the so-called “break-even” stage. It’s best to bring back advertisers. At a time when “X” is facing stiff competition from Meta, which launched its “Threads” platform last month to compete with “X,” as well as social platforms like other stars Bluesky and Mastodon, and a “hints” service from Substock Networks. .

While this is a key payment feature on X-Blue, the social platform announced that subscribers of its paid service can hide Blue authentication marks from their personal accounts because they are sometimes exposed to attack campaigns from their followers. As a result of changing the meaning of the blue mark from sources of authenticity, documents proving the payment for obtaining it.