X chief Yaccarino steps down after two years

[ad_1] Linda Yaccarino has resigned as CEO of X (Brendan SMIALOWSKI) Linda Yaccarino resigned Wednesday as CEO of X, the social media platform previously referred to as Twitter, after two years on the helm of the Elon Musk-owned firm.

In an announcement posted on the platform, she mentioned she had determined to step down following what she described as "two unimaginable years" main the corporate via a significant transformation.

No purpose was given for her exit, however the resignation got here as Musk's synthetic intelligence chatbot Grok was underneath fireplace for anti-Semitic feedback that praised Adolf Hitler and insulted Islam in separate posts on the X platform.

Yaccarino -- a former NBCUniversal promoting govt -- took over as X's CEO in June 2023, changing Musk who had been serving within the function since his $44 billion acquisition of Twitter in October 2022.

Her appointment got here as Musk sought to give attention to product growth whereas bringing in an skilled media supervisor to revive advertiser confidence.

The corporate has confronted important challenges since Musk's acquisition, together with an exodus of advertisers and considerations over content material moderation insurance policies.

Yaccarino's background in promoting was seen as essential to rebuilding enterprise relationships.

In her assertion, Yaccarino praised the "historic enterprise flip round" achieved by the X staff and advised the platform was getting into "a brand new chapter" with xAI, Musk's synthetic intelligence firm.

xAI in March acquired X in an all-stock deal that valued the social media platform at $33 billion, making it a subsidiary of Musk's AI firm.

"X is really a digital city sq. for all voices and the world's strongest tradition sign," she wrote, including that she could be "cheering you all on as you proceed to vary the world."

Throughout her tenure, X launched new options together with Neighborhood Notes, a crowd-sourced fact-checking system, and introduced plans for "X Cash," a monetary companies function as a part of Musk's imaginative and prescient to remodel the platform into an "Every part App."

It additionally coincided with Musk's endorsement and monetary backing of Donald Trump, which noticed the South African-born multi-billionaire catapulted into the White Home as a detailed advisor to the president, earlier than a current falling out.