Failed X CEO declares victory on her way out as app bleeds users and cash

Linda Yaccarino resigned As CEO of X on Wednesday, declaring the victory in the implementation of Elon Musk’s vision for the platform.

“I am extremely grateful to him for giving me the responsibility to protect freedom of expression, to overthrow the company and to transform X into an application,” she wrote.

Protecting “freedom of expression” for the Nazis was certainly important for musk, as His own cat-cat has affectionately– Literally the day before the resignation of Yaccarino. But he certainly does not believe in the freedom of expression of companies that I don’t want to advertise On a platform for adaptation to the Nazis, by pursuing them for having shot their advertising. And let’s not forget the musks Blocking of links to his rivals as Mastodon and other social media sites.

The question of whether the company has “turned around” is questionable, and there are certainly no transparent financial agents to support this assertion. X praised a victory after Increase $ 1 billion In a new funding for an assessment of $ 32 billion, compared to the $ 44 billion that Musk paid.

Although it is higher than expected to analysts, a large part of the bump coincided with Musk’s Bromance with President Donald Trump and his growing influence in the administration. “Investments” in Trumpworld have a way to be inflated by those looking for access and favors of corrupt oligarch overlords.

But we know that the platform is user hemorrhage. According to SimilarX had 388.5 million mobile users when Yaccarino took the job in June 2023. Last month? It is 311.1 million. It is a loss of more than 75 million users – a drop of 20%. In other words, 1 in 5 user bailed out.

Then there is the final complaint of Yaccarino, which she transformed X into “the all application”. Which is funny because … she didn’t do it.

This refers to Musk’s repeated desire to transform X into an American version of China’s WeChat.

“In the coming months, we will add complete communications and the ability to carry out all your financial world”, it Written on x In July 2023, a month after hiring Yaccarino. It was two years There is.

According to The guardianWeChat is so important in China that it is almost impossible to sail without him. The application, owned by the Chinese tech giant, is used for messaging, social media, payments, subscriptions, public service bills, food deliveries, transport tickets, carpooling services, etc.

On the other hand, X remains… X. The same toxic drawing, now with an AI Nazi attached. It is not a great application with financial tools and killer features. These are only empty promises, a loss of users and a legal drama.

So what exactly did Yaccarino transform?

Even Musk did not bother to pretend to worry about his resignation, simply responding With a gel: “Thank you for your contributions.”

Then he went to publish on everything else except her.