Twitter to focus on video, commerce in business revamp
Yaccarino, who started as CEO on June 5, told Twitter investors on Thursday that the company is in early conversations with political and entertainment figures, payments services and news and media publishers, said a source familiar with the matter, who spoke on condition of anonymity to discuss a private investor call.
None of the major advertising holding companies are recommending that clients pause their ad spending on Twitter, and well-known brands including Warner Bros, Mondelez, McDonald’s and Walmart have resumed advertising on Twitter after initial pauses, according to a slide shown during the presentation.
After Musk acquired Twitter in October, many advertisers fled the platform, wary that their promotions could appear alongside inappropriate content after the company laid off thousands of employees and cut costs dramatically.
Musk’s hiring of Yaccarino, a longtime advertising executive who previously led ad sales at NBCUniversal, was seen as a signal that digital ads remained a priority for Twitter.
A Twitter executive declined to comment.
Discover the stories of your interest
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.