Linda Yaccarino steps down as CEO of Elon Musk’s X ahead of Grok 4 launch

X CEO Linda Yaccarino announced Wednesday that she will be leaving her post, bringing her two-year run at one of the most renowned social media companies to a close. She made no mention of why she chose to leave the role.

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The departure was revealed just hours before the rollout of Grok 4, a major update to X’s AI chatbot. Grok 4 will be unveiled tonight on a livestream, according to Elon Musk.

In a statement on X, Yaccarino described her time leading the company as an incredible journey and her work with Musk to transform X into the “Everything App” as a once-in-a-lifetime opportunity.

Apart from that, Yaccarino also said X Money, a peer-to-peer digital wallet service that will launch later this year in partnership with Visa, is a promising product that could bring some of the most iconic voices and content.

As hinted at by Musk in May, X Money will allow users to link debit cards to their digital wallets, with a tightly controlled initial rollout focused on safeguarding personal savings.

“Now, the best is yet to come as X enters a new chapter with xAI,” Yaccarino noted. “X is truly a digital town square for all voices and the world’s most powerful culture signal. We couldn’t have achieved that without the support of our users, business partners, and the most innovative team in the world.”

Yaccarino confirmed last month that X planned to integrate trading and investment functionalities into its app, transforming it into a unified financial and social platform.