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X CEO Linda Yaccarino said Wednesday she is stepping down from her role.
Why it matters: Yaccarino was the first permanent CEO Elon Musk hired after buying the platform in 2022.
Zoom in: Yaccarino announced the decision in a post on X.
Catch up quick: Yaccarino was hired in 2023 after running NBCUniversal’s ad business for more than a decade. Her hiring alleviated pressure on Musk from Tesla investors who were concerned he wasn’t dedicating enough time to running his electric vehicle company.
The big picture: Under Yaccarino, X introduced a slew of new product changes meant to transform the app from a social discourse platform to an “everything app” that serves multiple functions at once.
Earlier this year, Musk announced that xAI had acquired X in an all-stock deal.
State of play: Once the ultimate cheerleader for Madison Avenue, Yaccarino’s relationship with the advertising community shifted when she became CEO of X, then Twitter.
Yes, but: Yaccarino has proven highly resilient in the face of pressure from the marketing community. She continued to lead X for more than 18 months after a slew of high-profile marketing figures publicly urged her to step down.
Zoom out: X’s legal threats are part of a greater push by Yaccarino to force an ad industry reset, in the wake of a broader societal shift away from heavily moderated speech.
What to watch: X has yet to name Yaccarino’s replacement.
Editor’s note: This story has been updated to add quotes from Yaccarino and Musk.
Sara Fischer, a digital media and technology reporter at Axios, is a trusted voice on the evolving intersection of media, advertising, and tech. Known for her sharp analysis of trends shaping the future of media, she dives deep into the dynamics of platforms like Disney, Netflix, and Google, offering insightful perspectives on how companies are leveraging data and tech to transform the ad landscape. Fischer’s expertise in dissecting the strategies behind streaming wars, global expansion, and advertising innovation makes her a dynamic keynote speaker capable of illuminating the shifting contours of the digital economy. With her keen eye on the next big media move, she helps audiences understand what’s coming next in the rapidly changing world of tech and advertising. Fischer’s speaking engagements are managed exclusively by WWSG. To host her for your event, contact us
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