Current:Home > ScamsElon Musk picks NBC advertising executive as next Twitter CEO -WealthFlow Academy
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-15 17:25:08
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! (722)
Related
- Federal hiring is about to get the Trump treatment
- Bullfight advocates working with young people to attract new followers in Mexico
- Soccer-mad Italy is now obsessed with tennis player Jannik Sinner after his Australian Open title
- T.J. Otzelberger 'angry' over 'ludicrous rumors' Iowa State spied on Kansas State huddles
- Tom Holland's New Venture Revealed
- US sees signs of progress on deal to release hostages, bring temporary pause to Israel-Hamas war
- Climate activists throw soup at the glass protecting Mona Lisa as farmers’ protests continue
- A snowboarder spent 15 hours trapped in a ski gondola. She rubbed her hands and feet to keep warm
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- A COVID-era program is awash in fraud. Ending it could help Congress expand the child tax credit
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Justin Timberlake tour: What to know about his fan club TN Kids, other presale events
- South Korea says North Korea fired several cruise missiles, adding to provocative weapons tests
- Hayden Panettiere Shares a Rare Look Inside Her Family World With Daughter Kaya
- New data highlights 'achievement gap' for students in the US
- Haley faces uphill battle as South Carolina Republicans rally behind Trump
- Why Crystal Hefner Is Changing Her Last Name
- Australian Open men's singles final: How to watch Daniil Medvedev vs. Jannik Sinner
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Gunmen kill 9 people in Iran near border with Pakistan
Revelers in festive dress fill downtown Tampa, Florida, for the annual Gasparilla Pirate Fest
Rep. Nancy Mace's former chief of staff files to run against her in South Carolina
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Muslims and Jews in Bosnia observe Holocaust Remembrance Day and call for peace and dialogue
'Queer Eye' star Bobby Berk offers Gypsy Rose Blanchard a home redesign in controversial post
Philippine troops kill 9 suspected Muslim militants, including 2 involved in Sunday Mass bombing