Linda Yaccarino, the chief executive of Elon Musk-owned X platform on Wednesday announced her resignation from her position and departure from the company just two years after joining the company.
In a post on X, Yaccarino, 61, said, “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me.”
Musk’s X Reorganisation
Yaccarino’s exit is the latest departure in Elon Musk’s turbulent ownership of the platform since completing the acquisition for $44 billion in 2022. The billionaire has cut about 75% of the workforce, loosened content moderation policies, and used the platform for his political views, causing major advertisers to pull back, significantly impacting the company’s ad revenue.
In March, Musk revealed that he had sold X to his artificial intelligence company, xAI, in an all-stock deal that valued X at $33 billion and xAI at $80 billion. Since then, xAI has reportedly been seeking additional funding that could boost its valuation to as much as $120 billion.
Yaccarino’s Short Spell at X
Yaccarino joined X in May 2023, after leaving her position as a top executive at NBCUniversal to manage the company’s business operations and help repair its damaged relationships with advertisers.
Upon arrival, Yaccarino faced immediate challenges. Musk’s rapid and controversial changes such as relaxing content standards, alienated users, advertisers, and employees.
Musk sometimes undermined her efforts, most notably when he publicly dismissed advertiser concerns with profanity and continued clashing with foreign governments over platform content.
