Elon Musk confirms Linda Yaccarino as new Twitter CEO
Yaccarino oversees about 2,000 workers in her role, similar to the current strength of Twitter staff after massive sacking by Musk following his $44 billion takeover late last year.
Elon Musk on Friday confirmed that Linda Yaccarino, NBC Universal`s Chairman of Global Advertising and Partnerships, will take over as the new CEO of Twitter, making "it the everything app".
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter! She will focus primarily on business operations, while I focus on product design and new technology," Musk posted in a fresh tweet.
"Looking forward to working with Linda to transform this platform into X, the everything app," he added.
Musk`s role will transition to being executive chair and CTO, "overseeing product, software and system operations".
Yaccarino oversees about 2,000 workers in her role, similar to the current strength of Twitter staff after massive sacking by Musk following his $44 billion takeover late last year.
Her team oversees the monetisation strategy for Peacock, the NBC Universal`s streaming service.
Yaccarino`s team has also generated more than $100 billion in ad sales and entered partnerships with companies, including Apple, Snapchat, BuzzFeed, Twitter and YouTube, according to her bio.
In a Twitter poll last year, Musk had asked his millions of followers: "Should I step down as head of Twitter?"
"I will abide by the results of this poll," he had posted.
The poll amassed more than 17 million votes, with 57.5 per cent of the respondents calling for him to step aside.
However, Musk did not step down.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
11:27 PM IST