Current:Home > ScamsElon Musk picks NBC advertising executive as next Twitter CEO -Prime Money Path
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-17 16:28:25
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! (69)
Related
- Federal hiring is about to get the Trump treatment
- Olympic Hopeful J.J. Rice Dead at 18 in Diving Accident
- Alabama teen scores sneak preview of Tiana's Bayou Adventure after viral prom dress fame
- Henry Cavill preps to be a first-time dad in Father's Day post: 'Any tips?'
- Intellectuals vs. The Internet
- An Georgia inmate used a gun to kill a prison kitchen worker before killing himself, officials say
- Upcoming June 2024 full moon will look unusually big and colorful
- 2024 US Open highlights: Bryson DeChambeau survives at Pinehurst to win second career major
- Military service academies see drop in reported sexual assaults after alarming surge
- What Euro 2024 games are today? Monday's slate includes France, Belgium, Ukraine
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Dodgers pitcher Yoshinobu Yamamoto exits start vs. Royals with triceps tightness
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Thinking of You
- Kourtney Kardashian Shares Adorable New Photos of Baby Rocky With Travis Barker on Father's Day
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- US military targets Houthi radar sites in Yemen after a merchant sailor goes missing
- Concerns grow as 'gigantic' bird flu outbreak runs rampant in US dairy herds
- George Strait breaks record for largest ticketed concert in US with nearly 111K in attendance
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Buy two, get one half off? How 'spaving' discounts can derail your finances
Indiana GOP chair to step down following tumultuous party convention
Cheers to Anderson Cooper and Andy Cohen's Cutest Dad Moments
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
LGBTQ soldiers in Ukraine hope their service is changing attitudes as they rally for legal rights
State budget includes hefty taxes, but not on ‘everyday ordinary taxpayers,’ Democrats say
Eriksen scores in Denmark’s 1-1 draw with Slovenia at Euro 2024, 3 years after his onfield collapse