Current:Home > reviewsElon Musk picks NBC advertising executive as next Twitter CEO -WealthSpot
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-27 09:20:26
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! (7)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Promising rookie Nick Dunlap took the PGA Tour by storm. Now he's learning how to be a pro
- Texas Gov. Greg Abbott pardons Daniel Perry, who killed Black Lives Matter protester in 2020
- Teen died from eating a spicy chip as part of social media challenge, autopsy report concludes
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- AP Week in Pictures: North America
- The number of child migrants arriving in an Italian city has more than doubled, a report says
- Prosecutors say Washington officer charged with murder ignored his training in killing man in 2019
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Shia LaBeouf Returns to Red Carpet for First Time in 4 Years
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- A timeline of territorial shifts in Ukraine war
- It's tick season. How is Lyme disease transmitted? Here's what you need to know.
- Taiwan is selling more to the US than China in major shift away from Beijing
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- LA County unleashes sterile mosquitoes to control the population. Here's how it works.
- Alaska lawmakers end their session with late bills passing on energy, education
- Jessica Biel Says Justin Timberlake Marriage Is a Work in Progress
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
The Bachelor's Rachel Nance Reveals Where She Stands With Joey Grazadei and Kelsey Anderson Now
Win Big With These Card Games & Board Games That Make for the Best Night-in Ever
'One Chip Challenge' led to the death of teen Harris Wolobah, state official says
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Francis Ford Coppola debuts ‘Megalopolis’ in Cannes, and the reviews are in
How Kourtney Kardashian and Travis Barker Celebrated Their Second Wedding Anniversary
Four takeaways from our investigation into police agencies selling their guns