Current:Home > InvestElon Musk picks NBC advertising executive as next Twitter CEO -OceanicInvest
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-19 19:48:31
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! (12)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Delaware man charged in kidnapping of 11-year-old New Jersey girl after online gaming
- It Only Takes One Time to Find Out What the Stars of Little Giants Are Up to Now
- Even with economic worries, Vivid Seats CEO says customers still pay to see sports and hair bands
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- UAW Strikes: How does autoworker union pay compare to other hourly jobs?
- Pete Davidson talks on 'SNL' about Israel-Hamas war and losing his dad on 9/11
- College athletes are fighting to get a cut from the billions they generate in media rights deals
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- It Only Takes One Time to Find Out What the Stars of Little Giants Are Up to Now
Ranking
- Small twin
- Train derailment closes down I-25 in Colorado, semi-truck driver killed
- Surfer suffers leg injury in possible shark attack at beach near San Francisco, police say
- Lawyers and judge hash out juror questions for Powell and Chesebro trial in Georgia election case
- Small twin
- David Brooks on his mission: To counter our nation's spiritual crisis
- Indonesia’s top court rules against lowering age limit of presidential, vice presidential candidates
- Water runs out at UN shelters in Gaza. Medics fear for patients as Israeli ground offensive looms
Recommendation
Small twin
Pepper X marks the spot as South Carolina pepper expert scorches his own Guinness Book heat record
Windy conditions cancel farewell mass ascension at Albuquerque International Balloon Fiesta
French authorities say school where teacher was fatally stabbed last week evacuated over bomb alert
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Drug used in diabetes treatment Mounjaro helped dieters shed 60 pounds, study finds
Train derailment closes down I-25 in Colorado, semi-truck driver killed
What is curcumin? Not what you might think.