Stock Market News

Yaccarino shakes up X amid Musk’s pressure on costs, FT says

2024.06.23 01:15

(Reuters) – The chief executive of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday.

This month Yaccarino fired her right-hand man and head of business operations and communications, Joe Benarroch, the newspaper said, citing three people familiar with the matter.

X did not immediately respond to Reuters request for comment on the report.

Before joining X, then known as Twitter, in June 2023, Benarroch worked at Comcast (NASDAQ:)’s NBCUniversal, where he oversaw communication strategy for its advertising and partnerships division, reporting to Yaccarino, who was advertising chief there.

X’s head of global government affairs, Nick Pickles will take over Benarroch’s responsibilities, with an expanded role including directing all global communications, the FT said.

© Reuters. FILE PHOTO: X Corp's CEO Linda Yaccarino testifies during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. REUTERS/Nathan Howard/File Photo

The reshuffle stems from growing tensions between Musk and Yaccarino, as she struggles to steady X’s financial health, according to the report.

Steve Davis, a longstanding Musk ally and chief executive of his Boring Company, was brought in by the billionaire in April to review X’s finances and performance management, FT added.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,892.50 0.45%
ethereum
Ethereum (ETH) $ 3,473.02 0.56%
tether
Tether (USDT) $ 0.999597 0.28%
xrp
XRP (XRP) $ 2.29 1.41%
bnb
BNB (BNB) $ 701.35 1.08%
solana
Solana (SOL) $ 198.78 1.54%
dogecoin
Dogecoin (DOGE) $ 0.331519 0.86%
usd-coin
USDC (USDC) $ 1.00 0.20%
staked-ether
Lido Staked Ether (STETH) $ 3,469.54 0.50%
cardano
Cardano (ADA) $ 0.913443 2.40%
tron
TRON (TRX) $ 0.257419 0.02%
avalanche-2
Avalanche (AVAX) $ 40.38 1.91%
chainlink
Chainlink (LINK) $ 24.55 0.81%
the-open-network
Toncoin (TON) $ 5.99 3.77%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,123.18 0.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 0.70%
sui
Sui (SUI) $ 4.53 2.28%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,591.42 0.42%
hedera-hashgraph
Hedera (HBAR) $ 0.31719 0.02%
stellar
Stellar (XLM) $ 0.384392 5.15%
polkadot
Polkadot (DOT) $ 7.47 0.68%
weth
WETH (WETH) $ 3,474.20 0.60%
hyperliquid
Hyperliquid (HYPE) $ 28.28 7.60%
bitcoin-cash
Bitcoin Cash (BCH) $ 461.61 2.64%
leo-token
LEO Token (LEO) $ 9.52 0.63%
uniswap
Uniswap (UNI) $ 13.85 4.58%
litecoin
Litecoin (LTC) $ 108.72 0.44%
bitget-token
Bitget Token (BGB) $ 5.68 15.49%
pepe
Pepe (PEPE) $ 0.000018 3.87%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,669.78 0.75%
near
NEAR Protocol (NEAR) $ 5.45 1.98%
ethena-usde
Ethena USDe (USDE) $ 0.999837 0.17%
aave
Aave (AAVE) $ 370.26 1.33%
usds
USDS (USDS) $ 1.00 0.28%
internet-computer
Internet Computer (ICP) $ 11.22 0.52%
aptos
Aptos (APT) $ 9.61 1.35%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.514868 2.39%
crypto-com-chain
Cronos (CRO) $ 0.157713 5.19%
vechain
VeChain (VET) $ 0.051994 1.78%
mantle
Mantle (MNT) $ 1.24 0.44%
ethereum-classic
Ethereum Classic (ETC) $ 27.30 2.96%
render-token
Render (RENDER) $ 7.54 4.05%
bittensor
Bittensor (TAO) $ 503.04 1.19%
whitebit
WhiteBIT Coin (WBT) $ 24.99 0.65%
monero
Monero (XMR) $ 194.30 0.96%
mantra-dao
MANTRA (OM) $ 3.76 0.55%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.35 3.38%
dai
Dai (DAI) $ 1.00 0.07%
arbitrum
Arbitrum (ARB) $ 0.799613 2.55%
filecoin
Filecoin (FIL) $ 5.30 2.97%