Elon Musk has confirmed that the new CEO for Twitter, or X Corp. as it’s now called, will be NBCUniversal’s Linda Yaccarino, an executive with deep ties to the advertising industry.
Yaccarino could help restore advertisers’ faith in Twitter, ad agency DiGo founder and creative chief Mark DiMassimo said. He noted that Yaccarino successfully integrated and digitized ad sales at Comcast and NBC — and that her track record of cross-selling ads across different platforms could appeal to Musk as he tries to transform Twitter from a social media company to a bigger media platform.
In mid-November, just a few weeks after buying the social media platform for $44 billion, he told a Delaware court that he does not want to be the CEO of any company. Analysts who follow Twitter's business welcomed the news even without knowing who the replacement will be. Twitter's advertising business has taken a hit under Musk's mercurial rule, though the billionaire told BBC last month that the company is now “roughly” breaking even.“The single biggest problem with Twitter’s ad business was Elon Musk.
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