X CEO Linda Yaccarino said she's stepping down after two bumpy years running Elon Musk's social media platform.
Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said ''the best is yet to come as X enters a new chapter with'' Musk's artificial intelligence company xAI, maker of the chatbot Grok. She did not say why she is leaving.
Musk responded to Yaccarino's announcement with his own 5-word statement on X: ''Thank you for your contributions.''
''The only thing that's surprising about Linda Yaccarino's resignation is that it didn't come sooner,'' said Forrester research director Mike Proulx. ''It was clear from the start that she was being set up to fail by a limited scope as the company's chief executive.''
In reality, Proulx added, Musk ''is and always has been at the helm of X. And that made Linda X's CEO in title only, which is a very tough position to be in, especially for someone of Linda's talents.''
Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $44 billion in late 2022 and cutting most of its staff. He said at the time that Yaccarino's role would be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. Before announcing her hiring, Musk said whoever took over as the company's CEO '' must like pain a lot.''
In accepting the job, Yaccarino was taking on the challenge of getting big brands back to advertising on the social media platform after months of upheaval following Musk's takeover. She also had to work in a supporting role to Musk's outsized persona on and off of X as he loosened content moderation rules in the name of free speech and restored accounts previously banned by the social media platform.
''Being the CEO of X was always going to be a tough job, and Yaccarino lasted in the role longer than many expected. Faced with a mercurial owner who never fully stepped away from the helm and continued to use the platform as his personal megaphone, Yaccarino had to try to run the business while also regularly putting out fires," said Emarketer analyst Jasmine Enberg.