Linda Yaccarino steps down as CEO of Elon Musk’s X after two years in the role

Leadership Change - Linda Yaccarino is stepping down as CEO of X after two years in the role [2] - Yaccarino was tasked with repairing relationships with advertisers after Musk's acquisition and policy changes [3][4] - It is unclear who will replace Yaccarino as CEO [8][10] Financials and Valuation - Elon Musk bought Twitter for $44 billion in 2022 and renamed it X [3] - Musk sold X to his AI startup xAI in an all-stock deal that values X at $33 billion [3] - X does not release financials [4] Challenges and Opportunities - X lost advertisers after Musk fired employees and loosened restrictions on speech [4] - Yaccarino was seen as having more success attracting advertisers after Trump's reelection [4][8] - X faces challenges in competition for ad dollars with companies like Meta [8] Content and Controversy - Musk's Grok chatbot shared antisemitic posts on X [5] - Yaccarino had to deal with problematic content and comments from Elon Musk [7] - Yaccarino worked to ensure advertisers that X was a safe place for them to reach consumers [7]