The boss of social media platform X has stepped down in the latest setback for its billionaire owner Elon Musk. Linda Yaccarino said she was leaving after just two years.
‘After two incredible years, I’ve decided to step down as CEO of X,’ she said in a post on the site. ‘I’ll be cheering you all on as you continue to change the world.’
Her exit comes at a difficult time for Musk, who is dealing with falling sales at his electric car maker Tesla.
And as his feud with US President Donald Trump intensified, Musk last week launched a political party, sparking ridicule in the White House and concern among Tesla shareholders who fear another distraction.
Yaccarino did not give a specific reason for her decision to leave X, formerly known as Twitter. She took the job in 2023 to help Musk transform the company he bought in a £32billion deal.
She had previously modernised the ad business of Comcast’s NBC Universal. X has a heavy debt load and Yaccarino has often had to deal with controversies stirred up by Musk, including his endorsement of antisemitic conspiracy theories in 2023.
Stepping down: X boss Linda Yaccarino (pictured) said she was leaving after just two years
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
This article was originally published by a www.dailymail.co.uk . Read the Original article here. .