Commentary
On May 12, Elon Musk announced that Linda Yaccarino, the now-former chairman of global advertising and partnerships at NBCUniversal, would become the new CEO of Twitter. Musk’s appointment of Yaccarino followed an advertiser exodus that caused Twitter’s ad revenue to plummet by more than 60 percent from October 2022 to Jan. 25, 2022, to just over $48 million from about $127 million.