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) $ 67,080.97 0.27%
ethereum
Ethereum (ETH) $ 3,513.41 0.09%
tether
Tether (USDT) $ 1.00 0.07%
bnb
BNB (BNB) $ 595.05 0.16%
solana
Solana (SOL) $ 174.04 2.66%
staked-ether
Lido Staked Ether (STETH) $ 3,512.01 0.03%
usd-coin
USDC (USDC) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.59095 2.47%
dogecoin
Dogecoin (DOGE) $ 0.133797 6.61%
the-open-network
Toncoin (TON) $ 7.28 0.29%
cardano
Cardano (ADA) $ 0.43554 1.67%
tron
TRON (TRX) $ 0.134495 0.13%
avalanche-2
Avalanche (AVAX) $ 28.80 1.47%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 0.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,062.97 0.19%
polkadot
Polkadot (DOT) $ 6.32 0.24%
chainlink
Chainlink (LINK) $ 14.28 1.40%
bitcoin-cash
Bitcoin Cash (BCH) $ 395.13 0.37%
near
NEAR Protocol (NEAR) $ 6.28 2.32%
uniswap
Uniswap (UNI) $ 7.97 0.48%
litecoin
Litecoin (LTC) $ 73.33 0.26%
dai
Dai (DAI) $ 0.999885 0.07%
leo-token
LEO Token (LEO) $ 5.68 2.92%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,663.57 0.02%
pepe
Pepe (PEPE) $ 0.000012 4.56%
matic-network
Polygon (MATIC) $ 0.539795 1.46%
internet-computer
Internet Computer (ICP) $ 10.23 0.39%
kaspa
Kaspa (KAS) $ 0.180706 1.28%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46 1.83%
ethereum-classic
Ethereum Classic (ETC) $ 23.98 1.32%
aptos
Aptos (APT) $ 7.40 1.03%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
stellar
Stellar (XLM) $ 0.105117 0.33%
monero
Monero (XMR) $ 163.45 0.85%
mantle
Mantle (MNT) $ 0.89601 0.69%
blockstack
Stacks (STX) $ 1.92 1.37%
render-token
Render (RNDR) $ 6.92 2.86%
filecoin
Filecoin (FIL) $ 4.69 0.29%
hedera-hashgraph
Hedera (HBAR) $ 0.07454 1.32%
injective-protocol
Injective (INJ) $ 27.28 2.69%
dogwifcoin
dogwifhat (WIF) $ 2.63 2.16%
maker
Maker (MKR) $ 2,795.25 2.08%
arbitrum
Arbitrum (ARB) $ 0.77653 0.17%
okb
OKB (OKB) $ 42.87 1.59%
cosmos
Cosmos Hub (ATOM) $ 6.51 0.50%
immutable-x
Immutable (IMX) $ 1.65 2.63%
crypto-com-chain
Cronos (CRO) $ 0.093606 1.24%
vechain
VeChain (VET) $ 0.030619 3.18%
bittensor
Bittensor (TAO) $ 341.55 3.06%
arweave
Arweave (AR) $ 33.37 1.09%