Current:Home > InvestElon Musk picks NBC advertising executive as next Twitter CEO -Stellar Financial Insights
Elon Musk picks NBC advertising executive as next Twitter CEO
Poinbank View
Date:2025-04-11 03:36:46
Twitter owner Elon Musk announced in a tweet on Friday that Linda Yaccarino, a veteran media executive who led advertising at NBCUniversal for more than a decade, will succeed him as the platform's next CEO.
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk wrote.
"[Yaccarino] will focus primarily on business operations, while I focus on product design & new technology," Musk continued. "Looking forward to working with Linda to transform this platform into X, the everything app."
Hours earlier Friday, NBCUniversal announced that Yaccarino "is leaving the company, effective immediately," according to a statement.
"It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team," Yaccarino said.
Musk had tweeted Thursday that he had picked someone for the No. 1 job, the position currently occupied by himself. But left crucial details, like the person's identity, vague.
Yaccarino has led advertising at NBCUniversal for more than a decade, leading a team of more than 2,000 people, according to her LinkedIn profile. That's larger than Twitter's estimated workforce, now about 1,500 employees, or roughly 20% of the company's size pre-Musk.
Before NBCUniversal, Yaccarino headed ad sales and marketing at Turner Broadcasting System, currently owned by Warner Bros. Discovery, for more than a decade.
In December, Musk polled Twitter users about resigning as its chief executive. "Should I step down as head of Twitter? I will abide by the results of this poll," he tweeted.
Of the 17.5 million responses, 58% said "Yes."
Musk and Yaccarino shared a stage weeks earlier
Yaccarino and Musk appeared on stage together at a marketing conference in Miami in April.
She pressed Musk about Twitter's new "Freedom of Speech, Not Reach" safety policy, aimed at preserving the "right to express their opinions and ideas without fear of censorship."
Musk said that if someone wants to say something that is "technically legal" but "by most definitions hateful," Twitter would allow it to stay on the site but behind a "warning label."
When asked by Yaccarino how Twitter will ensure advertisements don't appear next to negative content, Musk said the site has "adjacency controls" to prevent that from happening.
Twitter has seen advertising sales plummet in a harsh economic climate for tech companies and the media industry.
In the weeks following Musk's acquisition last fall, more than half of Twitter's top 100 advertisers fled the site, citing warnings from media buyers.
Advertising had accounted for the majority of Twitter's revenue before Musk took the company private, according to SEC filings.
Yaccarino is the second executive to leave the network in recent weeks. Its parent company, Comcast, ousted NBCUniversal CEO Jeff Shell after an employee filed a formal complaint accusing him of sexual harassment.
Yaccarino was set to participate in a key marketing presentation for NBCUniversal next week in New York commonly called the "upfronts," where media companies aim to persuade brands to spend big dollars on commercial time.
veryGood! (4814)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Philadelphia 76ers' Joel Embiid says he's being treated for Bell's palsy
- Mississippi police were at odds as they searched for missing man, widow says
- Some urge boycott of Wyoming as rural angst over wolves clashes with cruel scenes of one in a bar
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Will Messi play at Gillette Stadium? New England hosts Inter Miami: Here’s the latest
- Kansas murder suspect uses wife's life insurance payout to buy a sex doll
- Biden officials indefinitely postpone ban on menthol cigarettes amid election-year pushback
- Why members of two of EPA's influential science advisory committees were let go
- Today's FCC's net neutrality vote affects your internet speed. We explain
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Mississippi lawmakers consider new school funding formula
- Former Virginia hospital medical director acquitted of sexually abusing ex-patients
- 2024 NFL Draft: Day 1 recap of first-round picks
- Travis Hunter, the 2
- How Taylor Swift Is Showing Support for Travis Kelce's New Teammate Xavier Worthy
- 2024 NFL draft picks: Team-by-team look at all 257 selections
- 2024 NFL draft picks: Team-by-team look at all 257 selections
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
How Trump changed his stance on absentee and mail voting — which he used to blame for election fraud
Watch smart mama bear save cub's life after plummeting off a bridge into a river
Net neutrality is back: FCC bars broadband providers from meddling with internet speed
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Flight attendant indicted in attempt to record teen girl in airplane bathroom
A man accused in a Harvard bomb threat and extortion plot is sentenced to 3 years probation
Black man's death in police custody probed after release of bodycam video showing him handcuffed, facedown on bar floor