Musk tapped Yaccarino to replace him as CEO in 2023, shortly after purchasing the platform, then called Twitter, for $44 billion in October 2022. He said Yaccarino would focus primarily on Twitter's business while he focused on product design and new technology.

Polymarket users are split as to who will take over as CEO of X. A very thin majority of users believe no one will be named to the post, while nearly as many are banking on CFO Mahmoud Reza Banki. Linda Yaccarino, in a post Wednesday morning, announced she would be stepping down from her leadership role.