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Thursday, February 29, 2024

Elon Musk Announces Linda Yaccarino as Next Twitter CEO

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Elon Musk Announces Linda Yaccarino as Next Twitter CEO

  • This is yet another huge upheaval at the top of Twitter leadership.
  • Linda Yaccarino, the head of advertising for NBCUniversal, resigned recently.

On Friday, billionaire Elon Musk announced that Linda Yaccarino will be taking over as Twitter’s chief executive officer. After Musk ousted the executive team in October 2022, when he took over the social media firm, this is yet another huge upheaval at the top of Twitter leadership.

Musk has said that he would continue to concentrate on product development and technological advancements while the next CEO handles day-to-day business operations. Not just Twitter and Tesla, but the cryptocurrency industry as a whole, will benefit from this new development.

All Eyes on New CEO

If Musk stays on to manage Twitter’s tech, it’s possible that users may be able to make cryptocurrency payments over the service. In addition to his well-known involvement with Dogecoin, the billionaire has hinted at the possibility of using cryptocurrency-based payments on the social media firm.

Musk made the statement on Friday, less than 24 hours after announcing his appointment of a new Twitter CEO. He also said that in around six weeks, the new CEO will begin working. However, at that time Musk didn’t disclose the details of the new CEO. Now Musk has openly announced the new CEO name. And it is none other than Linda Yaccarino.

Musk recently made the following statement:

“I am excited to welcome Linda Yaccarino as the new CEO of Twitter! Linda will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app.”

Linda Yaccarino, the head of advertising for NBCUniversal, resigned amid rumors that she might replace Elon Musk as CEO of Twitter. With Musk’s latest tweet, all speculation has been put to rest.

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