Show Notes: Yacc Walks Away

Yackity-Yakerrino Steps Down

https://www.zerohedge.com/political/linda-yaccarino-steps-down-ceo-x

Linda Yaccarino has stepped down from her position as CEO of X (formerly Twitter). Her departure comes after roughly a year in the role, during a period of significant transformation and challenges for the social media platform under Elon Musk’s ownership.

Yaccarino, who came from a background in advertising, was brought in to help rebuild relationships with advertisers and grow revenue. Her tenure was marked by efforts to rebrand the platform and navigate content moderation controversies.

According to the NY Times, which had an article queued up to publish 3 minutes after her tweet – and authored by Musk-hater Mike Isaac;

Yaccarino’s exit caps a tumultuous period at X, which has been remade in Mr. Musk’s image since he bought the platform for $44 billion in 2022. Since then, Mr. Musk has shed three quarters of the company’s employees, loosened speech restrictions on the platform and wielded X as a political megaphone. Advertisers to X were at one point spooked by the changes and the social media company’s ad business declined.

In March, Mr. Musk said he had sold X, which is a privately held company, to xAI, his artificial intelligence start-up, in an unusual arrangement that showed the financial maneuvering inside his business empire. The all-stock deal valued xAI at $80 billion and X at $33 billion, Mr. Musk said. Since then, xAI has been in talks to raise new financing that could value it at as much as $120 billion.

The rest of the article essentially suggests Yaccarino’s job was partly to handle Musk, who has “frequently made her job more difficult, including using expletives to tell advertisers that he would not be changing his ways.”