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X CEO Linda Yaccarino resigns, ends two-year journey with Elon Musk
Linda Yaccarino Resignation: Linda Yaccarino, CEO of social media platform X, has resigned after two years. He said that working with Musk was a great opportunity for him. Yaccarino strengthened the company's business operation significantly. Musk is now preparing to connect X with his AI company X (AI). Who will become the new CEO is not clear at the moment.
Elon Musk's social media company X has witnessed a significant change. The CEO of the company Linda Yaccarino, quit the role after serving for two years. He himself shared this news on X. Linda's exit is happening at a time when most strategic moves are being made for the company, and Musk's AI firm is being linked to the company.
Elon Musk appointed Linda Yaccarino as the CEO of X in May 2023. Just a few months before this decision, Musk bought Twitter for $44 billion. Linda Yaccarino was a well-known name in the advertising industry and had held senior positions at NBC Universal. Musk had brought her in specifically to handle the company's business operations so that she could focus on technology and design.
In a post on X on Wednesday, Linda wrote that when Musk and I first discussed the vision of X, I felt that this would be the biggest opportunity of my life. She expressed satisfaction with her tenure and further said that I am grateful to Elon Musk for entrusting me with the responsibility of changing this company, protecting free speech, and making X the 'everything app'.
Linda wrote that she feels proud of the team of X and the changes that have taken place in the company have been historic. She said that in the transformation that took place in the last two years, she, along with the entire team, gave a new path to the company. She played a big role in stabilizing the financial and operational structure of the company.
The timing of Linda Yaccarino's resignation is also important because Elon Musk is now planning to merge X with his AI company X(AI). X(AI) has also launched its chatbot Grok and Musk now wants to develop X as a multi-functional 'everything app', not just a social media platform.
At present it is not clear who will replace Linda as the new CEO. The company has not yet made any official announcement on this. Elon Musk was already focusing on product design and technology, now it is possible that he will once again take charge of business operations himself. At the same time, Yaccarino's resignation indicates a new strategy and leadership change within the company.
