Good Wednesday afternoon. Today's newsletter, edited by Sam Baker, is 432 words, a 1.5-min. read. Thanks to Sheryl Miller for copy editing.

Linda Yaccarino is stepping down as the CEO of X, Axios' Sara Fischer reports.

• Elon Musk brought Yaccarino in two years ago, largely to rebuild relationships with advertisers who left the platform after Musk bought it.
• His decision to fold X into xAI took some pressure off social-media revenues, which pale in comparison to the potential profits from AI. That helped create a natural moment for Yaccarino to depart, per The Wall Street Journal (gift link).