Elon Musk says BBC’s Twitter tag will be changed from ‘government-funded media’

Billionaire tells broadcaster pain level from owning site is ‘extremely high’ but it is ‘breaking even’

Elon Musk, Twitter’s billionaire owner, has said the social media platform will change the BBC’s label of “government-funded media” after the broadcaster objected to the tag.

The Tesla chief executive made the announcement during a wide-ranging interview with the corporation in which he also said his pain level from running the site has been “extremely high” but claimed the business is now “roughly breaking even”.