Current:Home > StocksElon Musk picks NBC advertising executive as next Twitter CEO -AdvancementTrade
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-15 11:56:36
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! (398)
Related
- Intellectuals vs. The Internet
- Hailee Steinfeld and Josh Allen Enjoy a Date Night in the City of Love During Paris Fashion Week
- Iditarod musher who shot moose penalized for not properly gutting animal
- Rust Armorer Hannah Gutierrez-Reed Found Guilty of Involuntary Manslaughter
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Spectacular fields of yellow mustard draw visitors to Northern California’s wine country
- United flight forced to return to Houston airport after engine catches fire shortly after takeoff
- Louisiana Gov. Jeff Landry signs tough-on-crime legislation
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Will Messi play in the Paris Olympics? Talks are ongoing, but here’s why it’s unlikely
Ranking
- B.A. Parker is learning the banjo
- Virginia man arrested after DNA links him to 2 women's cold case murders from 80s
- Saquon Barkley NFL free agency landing spots: Ranking 9 teams from most to least sensible
- Massachusetts debates how long homeless people can stay in shelters
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Missouri governor offers ‘deepest sympathy’ after reducing former Chiefs assistant’s DWI sentence
- I Shop Fashion for a Living, and These Are the Hidden Gems From ASOS I Predict Will Sell out ASAP
- American Express card data exposed in third-party breach
Recommendation
Highlights from Trump’s interview with Time magazine
More Black women say abortion is their top issue in the 2024 election, a survey finds
Why are clocks set forward in the spring? Thank wars, confusion and a hunger for sunlight
South Carolina Supreme Court to decide if new private school voucher program is legal
Intellectuals vs. The Internet
Can AI help me pack? Tips for using ChatGPT, other chatbots for daily tasks
Top Virginia Senate negotiator vows to keep Alexandria arena out of the budget
TSA testing new self-service screening technology at Las Vegas airport. Here's a look at how it works.