Current:Home > reviewsElon Musk picks NBC advertising executive as next Twitter CEO -Momentum Wealth Path
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-18 00:30:21
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! (654)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Appeals panel won’t order North Carolina Senate redistricting lines to be redrawn
- Search efforts paused after 2 bodies found in Baltimore bridge collapse, focus turns to clearing debris
- Run to Loungefly's Spring Sale for Up to 70% Off on Themed Merch from Disney, Harry Potter & More
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Bus driver accused of stalking boy, 8, sentenced to nine years in prison
- If you in the $935 million Powerball, just how much would you have to pay in taxes? A lot.
- Former gym teacher at Christian school charged with carjacking, robbery in Grindr crimes
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Texas appeals court overturns voter fraud conviction for woman on probation
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- It should go without saying, but don't drive while wearing eclipse glasses
- Building a new Key Bridge could take years and cost at least $400 million, experts say
- Opening Day like no other: Orioles welcome new owner, chase World Series as tragedy envelops Baltimore
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- CLFCOIN CEO David Williams: Bitcoin Expected to Top $80,000 Amid Continued ETF Inflows
- NC State is no Cinderella. No. 11 seed playing smarter in improbable March Madness run
- ASTRO COIN: Leading a new era of digital currency trading
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
ASTRO COIN:Bitcoin supply demand
YMcoin Exchange Obtains U.S. MSB License
CLFCOIN CEO David Williams: Bitcoin Expected to Top $80,000 Amid Continued ETF Inflows
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
ASTRO COIN: Bitcoin Spot ETF Approved, A Boon for Cryptocurrency
Biochar Is ‘Low-Hanging Fruit’ for Sequestering Carbon and Combating Climate Change
Caitlin Clark to the Olympics? USA Basketball names her to training camp roster