There has been a major shake-up in Twitter’s leadership as Linda Yaccarino, NBCUniversal’s head of advertising, recently stepped down.
On Friday, Elon Musk, a billionaire, revealed that Linda Yaccarino will become the new CEO of Twitter. This marks another significant change in the top leadership of Twitter since Musk took control of the company in October 2022.
Musk plans to focus on product development and technology while the new CEO manages the day-to-day operations. This announcement is expected to bring benefits not only to Twitter and Tesla but also to the entire cryptocurrency industry.
All Eyes on New CEO
If Elon Musk continues to oversee Twitter’s technology, there is a possibility that users will be able to make cryptocurrency payments on the platform. In addition to his involvement with Dogecoin, Musk has hinted at the potential for cryptocurrency-based payments on Twitter.
He made this statement shortly after announcing the appointment of a new CEO, without revealing the CEO’s name at that time. Now, Musk has openly announced that Linda Yaccarino will be the new CEO of Twitter. It is expected that Yaccarino will assume her role in about six weeks.
Musk recently said the following:
“I’m happy to announce Linda Yaccarino as the new CEO of Twitter! Linda will take care of business operations, while I will focus on designing new features and advancing technology. I’m excited to work with Linda to turn this platform into something extraordinary, the ultimate app for everything.”
Linda Yaccarino, who was in charge of advertising at NBCUniversal, stepped down from her position. There were rumors suggesting she might take over as the CEO of Twitter, replacing Elon Musk. However, Musk’s recent tweet has confirmed the truth and ended all speculation.