Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company’s business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters.

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.

  • UncouthButNot@aussie.zone
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    1 year ago

    If every social media becomes a video platform what’s the point of being every one as a content consumer? Like if I’m just going to get the same content from the same creators on instagram or TikTok etc what’s the value add for also being on twitter?

  • Jo@readit.buzz
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    1 year ago

    Yaccarino told investors that ad spending in several advertiser categories is now up at least 40% year-over-year, including health, consumer packaged goods and financial services, the source said.

    So, kook pills, preppers, and crypto scams.

  • aedyr@lemmy.ca
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    1 year ago

    Oh great, another pivot to video. I feel like the lesson wasn’t learned the first time around.

  • Shrek
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    1 year ago

    Maybe they should focus on what their user base wants instead trying to be TikTok or whatever is hot this week.

  • RamdomSlaphead@feddit.uk
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    1 year ago

    Why go to the effort of buying something, just to destroy it, and make it something different? Surely the brand isn’t strong enough to make it through such massive change?